18 NCAC 04 .0309             ARTICLES OF AMENDMENT

(a)  Articles of amendment which convert a nonprofit corporation to a business corporation shall not be filed.

(b)  Any articles of amendment which convert a corporation organized pursuant to any statute to a corporation organized pursuant to any other statute shall also contain amendments which shall bring its charter into conformity with the statute applicable to organization for the type of corporation to which it is being converted.

History Note:        Authority G.S. 55-10-01; 55A-10-01; 55B-3; 55D-5; 57D-2-22; 59-202;

Eff. February 1, 1976;

Amended Eff. February 25, 1977;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 20, 2015.