524.1502 Procedure to amend. 1. An amendment of the articles of incorporation shall be proposed by adoption of a resolution by the board of directors, directing that it be submitted to a vote at a meeting ofshareholders called in the manner required by section 524.533. 2. The resolution proposing an amendment or amendments shall contain the language of each amendment by setting forth in full the articles of incorporation as they would beamended or any provision thereof as it would be amended or by setting forth in full anymatter to be added to or deleted from the articles of incorporation. A copy of the resolutionor a summary thereof shall be included with the notice of the meeting required for the voteof the shareholders. 3. Adoption of each amendment shall require the affirmative vote of the holders of a majority of the shares entitled to vote thereon and, if any class or series is entitled to vote onthe amendment as a separate group, the affirmative vote of the holders of a majority of theshares of each class or series entitled to vote on the amendment by that separate group. [C35, §9283-f11, -f12, -f13; C39, §9283.39, 9283.40, 9283.41; C46, 50, 54, 58, 62, 66, §528.124, ajority of theshares of each class or series entitled to vote on the amendment by that separate group. [C35, §9283-f11, -f12, -f13; C39, §9283.39, 9283.40, 9283.41; C46, 50, 54, 58, 62, 66, §528.124, 528.125, 528.126; C71, 73, 75, 77, 79, 81, §524.1502] 2022 Acts, ch 1062, §135Referred to in §524.312 Sat Dec 23 01:25:20 2023 Iowa Code 2024, Section 524.1502 (23, 0)
Iowa Legal Code