Shareholders have a vested property right resulting from the provisions in the articles of incorporation and therefore must give approval for any amendments to the articles.

Question

Quizplus · Accepted Answer

Shareholders do typically have rights regarding amendments to the articles of incorporation, but these rights are governed by corporate law and the specific corporate governance documents rather than being a direct vested property right from the articles themselves. Approval requirements can vary.

Shareholders Have a Vested Property Right Resulting from the Provisions