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<section article="gca" article_name="Corporations and Associations" number="2-602" title_number="2" title_name="Corporations in General -- Formation, Organization, and Operation" subtitle_number="6" subtitle_name="Amendment or Restatement of Charter">
  <level label="a">
    <text>A corporation may amend its charter from time to time in any respect, provided that:</text>
    <level label="1">
      <text>The amendment may contain only provisions which lawfully could be contained in articles of incorporation at the time of the amendment;</text>
    </level>
    <level label="2">
      <text>If the amendment effects a change in stock or in the rights of stockholders or effects an exchange, reclassification, or cancellation of stock, the amendment shall contain the provisions necessary to effect the change, exchange, reclassification, or cancellation; and</text>
    </level>
    <level label="3">
      <text>If the amendment alters the contract rights, as expressly set forth in the charter, of any outstanding stock, and the charter does not reserve the right to make the amendment, any objecting stockholder whose rights are substantially adversely affected has the right to receive the fair value of his stock as an objecting stockholder under Title 3, Subtitle 2 of this article.</text>
    </level>
  </level>
  <level label="b">
    <text>In addition to the general power to amend granted in subsection (a) of this section, a corporation from time to time may amend its charter to:</text>
    <level label="1">
      <text>Change its corporate name;</text>
    </level>
    <level label="2">
      <text>Change, enlarge, or diminish its purposes or the duration of its existence;</text>
    </level>
    <level label="3">
      <text>Exchange, classify, reclassify, or cancel any of its issued or unissued stock;</text>
    </level>
    <level label="4">
      <text>Change the designation of any of its issued or unissued stock;</text>
    </level>
    <level label="5">
      <text>Increase or decrease the aggregate number of shares of stock or the number of shares of stock of any class which it may issue;</text>
    </level>
    <level label="6">
      <text>Increase or decrease the par value of issued or unissued authorized stock of any class with par value;</text>
    </level>
    <level label="7">
      <text>Change issued or unissued shares of stock with par value into the same or a different number of shares without par value and change issued or unissued shares of stock without par value into the same or a different number of shares with par value;</text>
    </level>
    <level label="8">
      <text>Change issued or unissued shares of stock of any class, whether with or without par value, into a different number of shares of the same class or into the same or a different number of shares of another class, either with or without par value;</text>
    </level>
    <level label="9">
      <text>Change the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of any of its issued or unissued stock; and</text>
    </level>
    <level label="10">
      <text>Cancel or otherwise affect the right of the stockholders of any class to receive dividends which have accrued but have not been declared.</text>
    </level>
  </level>
</section>
