(805 ILCS 5/10.10) (from Ch. 32, par. 10.10)
Sec. 10.10.
Amendment before issuance of shares.
If a corporation
has not issued shares, an amendment to the articles of incorporation may
be adopted by a majority of the incorporators if initial directors were
not named in the articles or have not been elected, or, if initial directors
were named in the articles or have been elected, an amendment to the articles
may be adopted by a majority of the directors.
(Source: P.A. 83-1025.)
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