48-2c-405 - When amendment to articles of organization required.
48-2c-405. When amendment to articles of organization required.
The articles of organization of a company shall be amended when:
(1) there is a change in the name of the company;
(2) there is a change in the character of the business of the company specified in thearticles of organization;
(3) there is a false or erroneous statement in the articles of organization;
(4) there is a change in the period of duration of the company that is:
(a) stated in the articles of organization; or
(b) provided for in Section 48-2c-403;
(5) there is a change in:
(a) the management structure of the company from a manager-managed company to amember-managed company or from a member-managed company to a manager-managedcompany;
(b) if the company is manager-managed, who is a manager of the company; or
(c) if the company is member-managed, who is a member of the company;
(6) in accordance with Section 48-2c-412, the company ceases to be a low-profit limitedliability company; or
(7) the members desire to make a change in any other statement in the articles oforganization in order for the articles to accurately represent the agreement among the members.
Amended by Chapter 141, 2009 General Session