What is the process for amending articles of incorporation in Maryland?

The process for amending articles of incorporation in Maryland involves several key steps that must be diligently followed to ensure compliance with state requirements. First, the board of directors must adopt a resolution that clearly states the proposed amendment. This resolution should outline the specific changes and reasons for the amendments. After the board's approval, the corporation must notify its shareholders of the proposed amendment. This notification often requires a formal meeting where shareholders can discuss and vote on the proposed changes. Once the shareholders approve the amendment, the corporation must prepare and file an amended articles of incorporation with the Maryland Secretary of State. This document typically includes the name of the corporation, the amendments being made, and any other pertinent information required by the state. The filing fee also needs to be paid at this time. After submitting the amended articles, the Maryland Secretary of State will review the documents for compliance. If everything is in order, the amendment will be officially recorded. It is important for corporations to keep a copy of the amended articles for their records. For further information, one may visit the Maryland Secretary of State website.