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Re: dig space post# 232822

Friday, 07/05/2013 4:35:17 PM

Friday, July 05, 2013 4:35:17 PM

Post# of 249172
player, maybe this clarifies it (deleting nonapplicable material):

§ 242. Amendment of certificate of incorporation after receipt of payment for stock; nonstock corporations.

(a) In particular, and without limitation upon such general power of amendment, a corporation may amend its certificate of incorporation, from time to time, so as:

(3) or by subdividing or combining the outstanding shares of any class or series of a class of shares into a greater or lesser number of outstanding shares

(b) Every amendment authorized by subsection (a) of this section shall be made and effected in the following manner:

(1) a majority of the outstanding stock entitled to vote thereon, and a majority of the outstanding stock of each class entitled to vote thereon as a class has been voted in favor of the amendment, a certificate setting forth the amendment and certifying that such amendment has been duly adopted in accordance with this section shall be executed, acknowledged and filed and shall become effective in accordance with § 103 of this title.

The above content is my opinion.

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