(805 ILCS 5/10.30)
(from Ch. 32, par. 10.30)
Articles of amendment.
(a) Except as provided in Section 10.40,
the articles of amendment shall be executed and filed in duplicate in
with Section 1.10 of this Act and shall set forth:
(1) The name of the corporation.
(2) The text of each amendment adopted.
(3) If the amendment was adopted by the
incorporators, a statement that the amendment was adopted by a majority of the incorporators, that no shares have been issued and that the directors were neither named in the articles of incorporation nor elected at the time the amendment was adopted.
(4) If the amendment was adopted by the directors
without shareholder action, a statement that the amendment was adopted by a majority of the directors and that shareholder action was not required.
(5) Where the amendment was approved by the
(i) a statement that the amendment was adopted at
a meeting of shareholders by the affirmative vote of the holders of outstanding shares having not less than the minimum number of votes necessary to adopt such amendment, as provided by the articles of incorporation; or
(ii) a statement that the amendment was adopted
by written consent signed by the holders of outstanding shares having not less than the minimum number of votes necessary to adopt such amendment, as provided by the articles of incorporation, and in accordance with Section 7.10 of this Act.
(6) If the amendment provides for an exchange,
reclassification, or cancellation of issued shares, or a reduction of the number of authorized shares of any class below the number of issued shares of that class, then a statement of the manner in which such amendment shall be effected.
(7) If the amendment effects a change in the amount
of paid-in capital, then a statement of the manner in which the same is effected and a statement, expressed in dollars, of the amount of paid-in capital as changed by such amendment.
(8) If the amendment restates the articles of
incorporation, the amendment shall so state and shall set forth:
(i) the text of the articles as restated;
(ii) the date of incorporation, the name under
which the corporation was incorporated, subsequent names, if any, that the corporation adopted pursuant to amendment of its articles of incorporation, and the effective date of any such amendments;
(iii) the address of the registered office and
the name of the registered agent on the date of filing the restated articles; and
(iv) the number of shares of each class issued on
the date of filing the restated articles and the amount of paid-in capital as of such date.
The articles as restated must include all the
information required by subsection (a) of Section 2.10, except that the articles need not set forth the information required by paragraphs 3, 4 or 6 thereof. If any provision of the articles of incorporation is amended in connection with the restatement, the articles of amendment shall clearly identify such amendment.
(9) If, pursuant to Section 10.35, the amendment is
to become effective subsequent to the date on which the certificate of amendment is issued, the date on which the amendment is to become effective.
(10) If the amendment revives the articles of
incorporation and extends the period of corporate duration, the amendment shall so state and shall set forth:
(i) the date the period of duration expired under
the articles of incorporation;
(ii) a statement that the period of duration will
be perpetual, or, if a limited duration is to be provided, the date to which the period of duration is to be extended; and
(iii) a statement that the corporation has been
in continuous operation since before the date of expiration of its original period of duration.
(b) When the provisions of this Section have been complied with, the
of State shall file the articles of amendment.
(Source: P.A. 92-33, eff. 7-1-01.)