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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>55616</law_id><section_number>13.1-706</section_number><catch_line>Amendment of articles of incorporation by the board of directors</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-689</reference><reference>13.1-711</reference><reference>13.1-716</reference><reference>13.1-718</reference><reference>13.1-719.1</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="9">Virginia Stock Corporation Act</unit><unit label="article" level="3" order_by="1" identifier="11">Amendment of Articles of Incorporation and Bylaws</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Where no <span class="dictionary">shares</span> of the <span class="dictionary">corporation</span> are issued and outstanding, a <span class="dictionary">corporation</span>&#x2019;s board of directors may adopt an amendment of the <span class="dictionary">corporation</span>&#x2019;s <span class="dictionary">articles of incorporation</span> without <span class="dictionary">shareholder</span> approval. <a id="paragraph-203888" class="section-permalink" href="https://vacode.org/13.1-706/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> Unless the <span class="dictionary">articles of incorporation</span> provide otherwise, a <span class="dictionary">corporation</span>&#x2019;s board of directors may adopt amendments of the <span class="dictionary">corporation</span>&#x2019;s <span class="dictionary">articles of incorporation</span> without <span class="dictionary">shareholder</span> approval: <a id="paragraph-203889" class="section-permalink" href="https://vacode.org/13.1-706/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B1" class="indent-1"><p><span class="prefix-number">1.</span> To delete the names and addresses of the initial directors; <a id="paragraph-203890" class="section-permalink" href="https://vacode.org/13.1-706/#B1"><i class="fa fa-link"/></a></p></section>
						<section id="B2" class="indent-1"><p><span class="prefix-number">2.</span> To delete the name of the initial registered agent or the address of the initial registered office, if a statement of change described in &#xA7; <a class="law" title="Change of registered office or registered agent" href="/13.1-635/">13.1-635</a> is on file with the <span class="dictionary">Commission</span>; <a id="paragraph-203891" class="section-permalink" href="https://vacode.org/13.1-706/#B2"><i class="fa fa-link"/></a></p></section>
						<section id="B3" class="indent-1"><p><span class="prefix-number">3.</span> If the <span class="dictionary">corporation</span> has only one class of shares outstanding:
				a. To change each issued and unissued authorized share of the class into a greater number of whole shares of that class; or
				b. To increase the number of <span class="dictionary">authorized shares</span> of the class to the extent necessary to permit the issuance of shares as a share dividend; <a id="paragraph-203892" class="section-permalink" href="https://vacode.org/13.1-706/#B3"><i class="fa fa-link"/></a></p></section>
						<section id="B4" class="indent-1"><p><span class="prefix-number">4.</span> To eliminate or change the par value of the shares of any class or series; <a id="paragraph-203893" class="section-permalink" href="https://vacode.org/13.1-706/#B4"><i class="fa fa-link"/></a></p></section>
						<section id="B5" class="indent-1"><p><span class="prefix-number">5.</span> To change the corporate name; <a id="paragraph-203894" class="section-permalink" href="https://vacode.org/13.1-706/#B5"><i class="fa fa-link"/></a></p></section>
						<section id="B6" class="indent-1"><p><span class="prefix-number">6.</span> If the <span class="dictionary">corporation</span> has or will become a holding company under &#xA7; <a class="law" title="Formation of a holding company" href="/13.1-719.1/">13.1-719.1</a>, to change the corporate name to the former name of the constituent <span class="dictionary">corporation</span>; <a id="paragraph-203895" class="section-permalink" href="https://vacode.org/13.1-706/#B6"><i class="fa fa-link"/></a></p></section>
						<section id="B7" class="indent-1"><p><span class="prefix-number">7.</span> If the <span class="dictionary">corporation</span> is registered as an open-end management investment company under the federal Investment Company Act of 1940, to increase or decrease the aggregate number of shares or the number of shares of any class or series within any class that the <span class="dictionary">corporation</span> is authorized to <span class="dictionary">issue</span>; <a id="paragraph-203896" class="section-permalink" href="https://vacode.org/13.1-706/#B7"><i class="fa fa-link"/></a></p></section>
						<section id="B8" class="indent-1"><p><span class="prefix-number">8.</span> To delete a class or series of shares from the <span class="dictionary">articles of incorporation</span> when there are no shares of the class or series, including any rights to any such shares, outstanding; or <a id="paragraph-203897" class="section-permalink" href="https://vacode.org/13.1-706/#B8"><i class="fa fa-link"/></a></p></section>
						<section id="B9" class="indent-1"><p><span class="prefix-number">9.</span> To make any other change expressly permitted by this chapter to be made without <span class="dictionary">shareholder</span> approval. <a id="paragraph-203898" class="section-permalink" href="https://vacode.org/13.1-706/#B9"><i class="fa fa-link"/></a></p></section></text><history>1985, c. 522; 1989, c. 483; 1990, c. 292; 2005, c. 765; 2006, c. 330; 2015, c. 623; 2019, c. 734.</history><metadata></metadata></law>
