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Guest
Guest
I have been reading the Code of Alabama as it pertains to a nonprofit corporation amending and/or restating its Articles of Incorporation. I've noticed several references to amending, restating or deleting previously filed actions. I'm confused as to what the term, "delete," means within that context. I know that if an amendment is properly adopted and filed that the newly filed document supersedes the previously filed document. What is the effect of filing an amendment and including a statement that a specific previous amendment is "deleted?" How does that differ from merely being superseded by the new document? Is the previously filed amendment that was deleted physically destroyed?