An amended certificate of incorporation must be signed and acknowledged by all of the directors of the association, and shall conform with the requirements for the original certificate of incorporation except that the names and addresses of the directors shall be stated in lieu of names of the incorporators. An amended certificate of incorporation shall be submitted to the Commissioner for approval and shall be filed with the Secretary of State upon payment by the association of the statutory filing fees for filing an amended certificate of incorporation. Any decision of the Commissioner disapproving the proposed amendments contained in the amended certificate of incorporation may be appealed to the Board, which may then affirm, modify or reverse the decision of the Commissioner.

Laws 1970, HB 1543, c. 101, §25, emerg. eff. June 1, 1970; Amended by Laws 1987, HB 1267, c. 61, § 5, emerg. eff. May 4, 1987; Amended by Laws 1988, HB 1743, c. 65, § 17, emerg. eff. March 25, 1988.