Recent Answers to Articles of Association Law Questions
Can a company amend its Articles of Association without shareholder approval?
Corporate Governance
Articles of Association
Ohio
I am a shareholder in a company and recently discovered that the company has amended its Articles of Association without seeking shareholder approval. I am concerned about this as I believe that shareholders should have a say in changes that affect their rights and interests. I would like to know if it is legally permissible for a company to make such amendments without shareholder approval, and if not, what actions can I take to address this issue?
Darryl S.
Amending a company's Articles of Association typically requires shareholder approval. The specific requirements can vary depending on the jurisdiction and the company's governing documents. You'll need to carefully review those documents and speak with an attorney about next steps if the amendment was not properly executed.
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