Section 14-3-1007. Amendment of articles pursuant to court order

   (a) A corporation's articles may be amended without board approval or approval by the members or approval required pursuant to Code Section 14-3-1030 or 14-3-1041 to carry out a plan of reorganization ordered or decreed by a court of competent jurisdiction under federal statute if the articles after amendment contain only provisions required or permitted by Code Section 14-3-202.

(b) The individual or individuals designated by the court shall deliver to the Secretary of State articles of amendment setting forth:

   (1) The name of the corporation;

   (2) The text of each amendment approved by the court;

   (3) The date of the court's order or decree approving the articles of amendment;

   (4) The title of the reorganization proceeding in which the order or decree was entered; and

   (5) A statement that the court had jurisdiction of the proceeding under federal statute.

(c) This Code section does not apply after entry of a final decree in the reorganization proceeding even though the court retains jurisdiction of the proceeding for limited purposes unrelated to consummation of the reorganization plan.

Code 1981, § 14-3-1007, enacted by Ga. L. 1991, p. 465, § 1.