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SECTION 13:

Directors- Officer of stock corporation


Trustees- officer of non stock
corporation

SECTION 15:
1. Amend means to change or
modify by either adding or
removing a provision.

How to amend the articles of


incorporation:
a. 2 ways:
i. voting
1. secret
ballot
2. viva buche
ii. written assent
1. assent
means to
agree
2. dissent
means to
disagree
appraisal right???
2.
3. When is the affectivity of
ammended articles of
incorporation?
a. amended articles shall
take effect upon the
approval of SEC
b. shall take effect within 6
months from the date of
filing if the articles acted
upon by the SEC for a
cause not attributable to
the corporation

SECTION 16:
a. the articles of incorporation or
amendment is not in a prescribed
form
b. purpose/s are patently
unconstitutional.
c.

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