Idaho Code 30-29-1006 – Articles of Amendment
Current as of: 2023 | Check for updates
|
Other versions
(a) After an amendment to the articles of incorporation has been adopted and approved in the manner required by this chapter and by the articles of incorporation, the corporation shall deliver to the secretary of state for filing articles of amendment, which must set forth:
(1) The name of the corporation;
(2) The text of each amendment adopted or the information required by section 30-29-120(d)(5), Idaho Code;
(3) If an amendment provides for an exchange, reclassification, or cancellation of issued shares, provisions for implementing the amendment if not contained in the amendment itself that may be made dependent upon facts objectively ascertainable outside the articles of amendment in accordance with section 30-29-120(d)(5), Idaho Code;
(4) The date of each amendment’s adoption; and
(5) If an amendment:
(i) Was adopted by the incorporators or board of directors without shareholder approval, a statement that the amendment was duly adopted by the incorporators or by the board of directors, as the case may be, and that shareholder approval was not required;
(ii) Required approval by the shareholders, a statement that the amendment was duly approved by the shareholders in the manner required by this chapter and by the articles of incorporation; or
(iii) Is being filed pursuant to section 30-29-120(d)(5), Idaho Code, a statement to that effect.
(b) Articles of amendment shall take effect at the effective date determined in accordance with section 30-29-123, Idaho Code.
Terms Used In Idaho Code 30-29-1006
- 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.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Dependent: A person dependent for support upon another.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114