13.1-884 - Authority to amend articles of incorporation.
§ 13.1-884. Authority to amend articles of incorporation.
A. A corporation may amend its articles of incorporation at any time to addor change a provision that is required or permitted in the articles or todelete a provision not required in the articles. Whether a provision isrequired or permitted in the articles of incorporation is determined as ofthe effective date of the amendment.
B. A member of the corporation does not have a vested property rightresulting from any provision in the articles of incorporation, includingprovisions relating to management, control, capital structure, purpose, orduration of the corporation.
(Code 1950, § 13.1-235; 1956, c. 428; 1985, c. 522.)