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It should also continue its efforts to gain electronic access to articles of incorporation of corporations organized in states that do not presently make these records publicly available online.
Accompanied by the amendment to Paragraph 1 of Article 24 of the current Articles of Incorporation, the Company will also amend Article 25 of the current Articles of Incorporation that limits candidates for Representative Directors to Directors with title.
3(a) of the Articles of Incorporation as amended shall be selected by the current board of directors of the Foundation by the date of the final meeting of the board of directors in each administrative year.
2) In addition to the above reasons, the Company will make the necessary additions, deletions, revisions and movements as a stock corporation under the Corporation Law, and will take this opportunity to review the provisions of the Articles of Incorporation and make any necessary changes across the board.
It said : 'Upon the approval of the SEC of the amendment of the articles of incorporation authorizing the increase in capitalization, the bank can implement the payment of the 20-percent stock dividend with the setting of the record and payment dates.