NY Banking L § 8001 (2021)
2021 New York Laws BNK - Banking Article 15 - General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies Title 8 - Amendments and Changes 8001 - Right to Amend Organization Certificate.

§ 8001.  Right to amend organization certificate. 1. A corporation may amend its organization certificate, from time to time,  in  any  and  as many  respects  as  may be desired, if such amendment contains only such provisions as might be lawfully contained in  an  original  organization certificate filed at the time of making such amendment.   2.  In  particular,  and without limitation upon such general power of amendment, a corporation may amend its  organization  certificate,  from time to time, so as:  (a) To change its corporate name.  (b)  In  the  case of a bank or trust company, to change its corporate powers in accordance with section ninety-four.  (c) To extend the duration of the corporation or, if  the  corporation ceased  to  exist because of the expiration of the duration specified in its organization certificate, to revive its existence.  (d) To increase or decrease the number of its directors, or to provide that the number of its directors shall be not less than a stated minimum nor more than a stated maximum; provided that in either case the  number of  directors  shall  not  be  less  than the minimum prescribed in this chapter, and provided further that the number of the  directors  may  be increased  notwithstanding  any maximum number prescribed by any special law.  (e) To increase or decrease the aggregate number of shares, or  shares of  any  class  or series, which the corporation shall have authority to issue.  (f) To eliminate from authorized shares any class of  shares,  or  any shares of any class, whether issued or unissued.  (g)  To  increase the par value of any authorized shares of any class, whether issued or unissued.  (h) To reduce the par value of any authorized  shares  of  any  class, whether issued or unissued.  (i)  To change any authorized shares, whether issued or unissued, into a different number of shares of the same class or into  the  same  or  a different  number  of  shares  of  any one or more classes or any series thereof.  (j) To fix, change or abolish the designation of any authorized  class or  any  series  thereof, or any of the relative rights, preferences and limitations of any shares of any authorized class or any series thereof, whether issued or unissued, including any provisions in respect  of  any undeclared  dividends,  whether  or  not  cumulative  or accrued, or the redemption of any shares, or any preemptive right to acquire  shares  or other securities.  (k)  As  to  the  shares  of  any preferred class, then or theretofore authorized, which may be issued in series, to  grant  authority  to  the board or to change or revoke the authority of the board to establish and designate  series  and  to  fix  the  number  of shares and the relative rights, preferences and limitations as between series.  (l) To strike out, change or add any provision, not inconsistent  with this  chapter  or  any  other  statute,  relating to the business of the corporation, its affairs, its rights or powers, or the rights or  powers of  its  stockholders,  directors  or  officers, including any provision which under this chapter is required or permitted to be set forth in the by-laws.   3. A corporation created by special act  may  accomplish  any  or  all amendments  permitted  in  this  title, in the manner and subject to the conditions provided in this subarticle.   4. A corporation may not change the location of its office under  this section.