kaal:claim:3017612-030

The articles function as the corporation's constitution and are deliberately hard to change, requiring action by both directors and shareholders unlike most corporate decisions.

Source quote, verbatim

Changing the articles is intentionally made difficult and amendments generally require actions by both the directors and shareholders, unlike most other corporate decisions.

From

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017), IV.1 Legal Effects on the Corporation, p. 14
https://ssrn.com/abstract=3017612 · source PDF

Cite as

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017). SSRN: https://ssrn.com/abstract=3017612

Holds when

United States corporations

Classification

definitionalsupport: assertedgovernance-design

Verify

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Attestation record: colloquium/attestations/1bda9e49fcfcc1cc...json
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