151 (1) A co-operative may from time to time amend its articles of incorporation to, (a)  change its name; (b)  extend, limit or otherwise vary its objects; (c)  increase its authorized capital; (d)  decrease its authorized capital by cancelling shares whether issued or unissued or by reducing the par value of issued or unissued shares; (e)  increase or decrease the membership fee; (f)  increase or decrease the minimum amount of member loans; (g)  redivide its authorized capital into shares of lesser or greater par value; (h)  divide a class of shares, whether issued or unissued, into series and fix the number of shares in each series and the preferences, rights, conditions, restrictions, limitations and prohibitions attaching to the shares; (h.1)  authorize the directors to divide any class of unissued shares into series and fix the number of shares in each series and the preferences, rights, conditions, restrictions, limitations and prohibitions attaching to the shares; (h.2)  authorize the directors to change the preferences, rights, conditions, restrictions, limitations or prohibitions attaching to unissued shares of any series; (h.3)  revoke, diminish or enlarge any authority conferred on the directors under clause (h.1) or (h.2); (i)  redesignate any class or series of shares; (i.1)  reclassify any shares into a different class or series; (j)  delete or vary any provision in its articles; (k)  provide for any other matter or thing that is authorized by this Act to be set out in the articles or that could be the subject of a by-law of the co-operative; (l)  convert it into a co-operative with or without share capital; (m)  convert it into a corporation to which the Business Corporations Act applies; (n)  convert it into a corporation to which the Not-for-Profit Corporations Act, 2010 applies.  R.S.O. 1990, c. C.35, s. 151 (1); 2004, c. 31, Sched. 8, s. 27 (1); 2017, c. 20, Sched. 8, s. 77 (2). Directors’ authority to amend articles (1.1) If the directors are authorized by the articles to divide any class of unissued shares into series and determine the designations, preferences, rights, conditions, restrictions, limitations or prohibitions attaching to the shares, the directors may authorize an amendment to the articles to so provide.  2004, c. 31, Sched. 8, s. 27 (2). Authorization (2) An amendment under subsection (1) shall be authorized by a special resolution and an amendment under subsection (1.1) may be authorized by a resolution of the directors.  2004, c. 31, Sched. 8, s. 27 (3). Additional authorization of amendment under cl. (1) (l) (2.1) Subject to section 152, if the amendment is an amendment under clause (1) (l), then, in addition to the confirmation required by subsection (2), the resolution is not effective until it has been confirmed by such additional authorization as may be required by the articles.  1999, c. 12, Sched. I, s. 1 (4). Additional authorization of amendments under subs. (1), (m) or (n) (3) Subject to section 152, if the amendment is an amendment under clause (1) (m) or (n), then, in addition to the confirmation required by subsection (2), the resolution is not effective until it has been confirmed in writing by 60 per cent of the members.  R.S.O. 1990, c. C.35, s. 151 (3); 1999, c. 12, Sched. I, s. 1 (5). Additional authorization, preference shares (4) The rules set out in subsection (4.1) apply, (a)  if the amendment is to delete or vary a preference, right, condition, restriction, limitation or prohibition attaching to a class or series of preference shares; or (b)  if the amendment is to create preference shares ranking in any respect in priority to, or in parity with, any class or series of preference shares, other than a series authorized by section 27.1.  2004, c. 31, Sched. 8, s. 27 (4). Same (4.1) The following rules apply in the circumstances described in subsection (4): 1.  In addition to the confirmation required by subsection (2), the special resolution is not effective until it has been confirmed, i.  by at least two-thirds of the votes cast at a meeting of the holders of the affected class, classes or series of shares, duly called for the purpose, or by such greater proportion of the votes cast as the articles may provide, and ii.  by such additional authorization as the articles may provide. 2.  The holders of a series of shares of a class are entitled to vote separately only if the series is affected by the amendment in a manner that is different from other shares of the same class.  2004, c. 31, Sched. 8, s. 27 (4). Non-profit housing co-operatives (5) A non-profit housing co-operative may not amend its articles to do anything described in clause (1) (l), (m) or (n) or amend its articles so that the co-operative is no longer a non-profit housing co-operative as defined in subsection 1 (1) and no attempt to do so is effective.  1992, c. 19, s. 20. Section Amendments with date in force (d/m/y) 1992, c. 19, s. 20 - 24/08/1992; 1999, c. 12, Sched. I, s. 1 (4-7) - 22/12/1999 2004, c. 31, Sched. 8, s. 27 (1-4) - 31/08/2007 2017, c. 20, Sched. 8, s. 77 (2) - 19/10/2021