Process for Amending the Articles Sample Clauses

Process for Amending the Articles. The Academy, by a majority vote of its Board of Directors, may at any time, propose specific changes to the Articles of Incorporation or may propose a meeting to discuss potential revisions to the Articles of Incorporation. The proposal will be made to the University Board through its designee. The University Board delegates to its President the review and approval of changes or amendments to the Articles of Incorporation. In the event that a proposed change is not accepted by the University President, the University Board shall consider and vote upon a change proposed by the Academy Board following an opportunity for a written and oral presentation to the University Board by the Academy Board. The University Board, or an authorized designee, may, at any time, require specific changes to the Articles of Incorporation or may propose a meeting to discuss potential revision. The Academy Board may delegate to an officer of the Academy the review and negotiation of changes or amendments to the Articles of Incorporation. Any Amendment(s) to the Articles of Incorporation required by the University Board or its designee, shall be approved by the Academy at the next-occurring public meeting following the receipt by the Academy of such required amendment(s). Such amendment(s) shall be promptly filed with the Michigan Department of Licensing and Regulatory Affairs, Corporations Division by the Academy or its designee. Amendments to the Articles of Incorporation take effect only after they have been filed with the Michigan Department of Licensing and Regulatory Affairs, Corporations Division. In addition, for Academy-initiated amendments, the Academy shall file with the amendment a copy of the University Board’s or its designee’s approval of the amendment.
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Process for Amending the Articles. The Academy, by a majority vote of its Board of Directors, may at any time, propose specific changes to the Articles of Incorporation or may propose a meeting to discuss potential revisions to the Articles of Incorporation. The proposal will be made to the University Board through its designee. The University Board delegates to its President the review and approval of changes or amendments to the Articles of Incorporation. In the event that a proposed change is not accepted by the University President, the University Board shall consider and vote upon a change proposed by the Academy Board following an opportunity for a written and oral presentation to the University Board by the Academy Board. The University Board, or an authorized designee, may, at any time, require specific changes to the Articles of Incorporation or may propose a meeting to discuss potential revision. The Academy Board may delegate to an officer of the Academy the review and negotiation of changes or amendments to the Articles of Incorporation. Amendments to the Articles of Incorporation take effect only after they have been approved by the Academy Board and by the University Board or its designee and filed with the Michigan Department of Licensing and Regulatory Affairs, Corporation, Securities and Land Development Bureau. In addition, the Academy shall file with the amendment a copy of the University Board’s or its designee’s approval of the amendment.
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Process for Amending the Articles. The Academy, by a majority vote of its Board of Directors, may at any time, propose specific changes to the Articles of Incorporation or may propose a meeting to discuss potential revisions to the Articles of Incorporation. The proposal will be made to the University Board through the President. The University Board delegates to its President the review and approval of changes or amendments to the Articles of Incorporation. The University Board, or the President, may, at any time, require specific changes to the Articles of Incorporation or may propose a meeting to discuss potential revision. The Academy Board may delegate to an officer of the Academy the review and, if permitted by the University Board or the President, negotiation of changes or amendments to the Articles of Incorporation. Amendments to the Articles of Incorporation take effect only after they have been approved by the Academy Board and by the University Board or its designee and filed with the Michigan Department of Licensing and Regulatory Affairs, Corporation, Securities and Land Development Bureau (“LARA”). In addition, the Academy shall file with the amendment a copy of the University Board’s or its designee’s approval of the amendment. In the event of an amendment or amendments required by the University Board or the President, the Academy Board shall take action to direct the filing of such amendment(s) no later than its next regular meeting after being informed of such amendment(s) and the amendment(s) shall be filed with XXXX no later than seven calendar days after such meeting.
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