Assertion: close corporation | /r/CapableOf | file amendment
Facets:
value: to its articles
type: TRANSITIVE-OBJECT
Source sentences:
text: Promptly upon acquiring more than the specified number of holders of record of its shares, a close corporation shall execute and file an amendment to its articles deleting the special provisions referred to in subdivision (a) and deleting any other provisions not permissible for a corporation which is not a close corporation, which amendment shall be promptly approved and filed by the board and need not be approved by the outstanding shares.