UTAH CODE (Last Updated: January 16, 2015) |
Title 31A. Insurance Code |
Chapter 5. Domestic Stock and Mutual Insurance Corporations |
Part 2. Organization of Corporations |
§ 31A-5-219. Amendment of articles.
Latest version.
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(1) Subject to Subsection (3) and to the requirements of the Insurance Code, a stock corporation may amend its articles under Sections 16-10a-1001 through 16-10a-1009 and a mutual may amend its articles under Sections 16-6a-1001 through 16-6a-1005 in any manner, including substantial changes of its original purposes. No amendment may be made contrary to Subsections 31A-5-203(1) through (3). (2) An amendment becomes effective when the properly adopted and filed articles of amendment are approved by the commissioner. (3) Section 16-10a-1009 applies to stock corporations and the second paragraph of Section 16-6a-1009 applies to mutuals.
Amended by Chapter 300, 2000 General Session