Title 7, Chapter 1, Section 510
( 7-1-510)
(a) A bank or trust company may, in the manner provided in this
part, amend its articles at any time in order to make any change
therein which would then be authorized for inclusion in original
articles under this chapter, including without limitation an
amendment: (1) To adopt a new name permitted to be used under this chapter; (2) To renew the term for which it is to exist or to provide for
perpetual duration; (3) To change, add to, or diminish the statement of its purpose or
purposes; (4) To increase or diminish the aggregate number of shares which
it has authority to issue or to reclassify the shares by changing
the number, par value, designations, preferences, redemption
provisions, or relative, participating, optional, or other special
rights of the shares or the qualifications, limitations, or
restrictions of such rights, either with or without an increase or
decrease in the number of shares; (5) To restate the articles in their entirety; (6) To change its main office location to a new location; or (7) In the case of a bank, to become a trust company and, in the
case of a trust company, to become a bank, with or without
retaining an existing capacity to engage in the banking or trust
business as the case may be. (b) Articles restated in their entirety shall state the street
address and county of the current instead of the original main
office of the bank or trust company and need not state the names or
other information concerning the first directors or the
incorporators. (c) Articles need not be amended for the addition or change of a
registered agent or the change of a registered office. The bank or
trust company shall, however, notify in writing the department and
the Secretary of State of such changes. |