In order to be effective,when is shareholder approval needed for an amendment to the articles?

Question

Quizplus · Accepted Answer

Shareholder approval is generally required for any amendments that affect shareholder rights, such as changes to voting rights or dividend provisions. However, amendments that do not affect shareholder rights may not require shareholder approval. Additionally, amendments that are already filed with the state may require additional steps to be taken in order to obtain shareholder approval. The board's approval does not necessarily negate the need for shareholder approval. Shareholder approval may also be required for amendments that affect rights to real property, but this is not always the case. Therefore, option C is the most inclusive and accurate answer.

In Order to Be Effective,when Is Shareholder Approval Needed for an Amendment