                                 CODE OF VIRGINIA

AUTHORITY TO AMEND ARTICLES OF INCORPORATION (§ 13.1-705)

A. A corporation may amend its articles of incorporation at any time to add or
change a provision that is required or permitted in the articles as of the
effective date of the amendment or to delete a provision that is not required to
be contained in the articles of incorporation.

B. A shareholder of the corporation does not have a vested property right
resulting from any provision in the articles of incorporation, including
provisions relating to management, control, capital structure, dividend
entitlement, purpose, or duration of the corporation.

HISTORY: Code 1950, § 13.1-55; 1956, c. 428; 1958, c. 564; 1985, c. 522; 2019,
c. 734.