KRS 271B.10-010: Authority to amend -- Conversion to nonstock, nonprofit corporation.

(1) A corporation may amend its articles of incorporation at any time to add or change a

provision that is required or permitted in the articles of incorporation or to delete a

provision not required in the articles of incorporation. Whether a provision is

required or permitted in the articles of incorporation shall be determined as of the

effective date of the amendment.

(2) A shareholder of the corporation shall not have a vested property right resulting

from any provision in the articles of incorporation , including provisions relating to

management, control, capital structure, dividend entitlement, or purpose or duration

of the corporation.

(3) A corporation existing under this chapter or its predecessors may amend its articles

of incorporation to convert into a nonstock, nonprofit corporation under KRS

273.161 to 273.387, but a corporation existing under KRS 273.161 to 273.387 may

not convert to a corporation existing under this chapter.