Section 14-2-1005. Amendment before issuance of shares

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(a) If a corporation has not yet issued shares, its incorporators or board of directors may adopt one or more amendments to the corporation's articles of incorporation.

(b) If any amendment before shares are issued makes a material change in the articles of incorporation, nonassenting subscribers for shares shall be entitled to rescind their subscriptions.

Code 1981, § 14-2-1005, enacted by Ga. L. 1988, p. 1070, § 1.

                    
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