2013 Code of Virginia
Title 13.1 - CORPORATIONS.
Chapter 10 - Virginia Nonstock Corporation Act
Section 13.1-942 - Articles of amendment

§ 13.1-942. Articles of amendment.

A. A corporation converting to a stock corporation shall file with the Commission articles of amendment in accordance with § 13.1-888.

B. The articles of amendment shall set forth:

1. The name of the corporation, which satisfies the requirements of § 13.1-630;

2. The number of shares the corporation will be authorized to issue;

3. If more than one class of shares is to be authorized, the number of authorized shares of each class and a distinguishing designation for each class;

4. A provision or provisions, if any, defining or denying the preemptive right of shareholders to acquire unissued shares of the corporation;

5. A provision substituting the word "shareholders" or other appropriate language for "members" wherever "members" appears in the articles of incorporation;

6. Provisions not inconsistent with law which may be necessary to bring the corporation into compliance with Chapter 9 (§ 13.1-601 et seq.) of this title or which may be required for the regulation and governance of the corporation as a stock corporation; and

7. Such provisions, if any, which are permitted by § 13.1-619 to be included in articles of incorporation of a Virginia stock corporation.

C. If the Commission finds that the articles of amendment comply with the requirements of law and bring the articles of incorporation into compliance with the requirements for a Virginia stock corporation, and that all required fees have been paid, it shall issue a certificate of amendment.

(1989, c. 609.)