N.Y. Banking Law 8003 – Authorization of amendment or change
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§ 8003. Authorization of amendment or change. 1. Amendment of the organization certificate may be authorized by vote of the holders of a majority of all outstanding shares entitled to vote thereon at a meeting of stockholders.
Terms Used In N.Y. Banking Law 8003
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- board: means "board of directors". See N.Y. Banking Law 1001
- Organization certificate: includes (a) the original organization certificate or any other instrument filed or issued under any statute to form a corporation or foreign corporation, as amended, supplemented or restated by certificates of amendment, merger or consolidation or other certificates or instruments filed or issued under any statute; or (b) a special act or charter creating a corporation or foreign corporation, as amended, supplemented or restated by special acts or by certificates of amendment, merger or consolidation or other certificates or instruments filed or issued under any statute. See N.Y. Banking Law 1001
2. This section shall not alter the vote required by section six thousand sixteen or seven thousand nine for the adoption of an amendment referred to therein, nor alter the authority of the board to authorize amendments under section five thousand two, subdivision six of section five thousand fourteen, or section five thousand sixteen.