48-2c-407 - Authority to amend articles of organization.
48-2c-407. Authority to amend articles of organization.
(1) (a) A company may amend its articles of organization at any time to add or change aprovision that is required or permitted in the articles of organization or to delete a provision notrequired in the articles of organization.
(b) Whether a provision is required or permitted in the articles of organization isdetermined as of the effective date of the amendment.
(2) Except as may otherwise be expressly provided in the articles of organization oroperating agreement, a member has no vested property right resulting from any provision in thearticles of organization, including any provision relating to management, control, capital structure,purpose, duration of the company, or entitlement to distributions.
Enacted by Chapter 260, 2001 General Session