Even holders of non-voting shares or non-voting members are entitled to vote on the amendment of the Articles of Incorporation.Group of answer choicesTrueFalse

Analyze the Statement

1. Non-voting shares typically do not confer voting rights on corporate matters, including amendments to the Articles of Incorporation.
2. In most jurisdictions, holders of non-voting shares are excluded from voting on corporate resolutions unless specifically granted voting rights for certain matters.

Relevant Legal Concepts

1. Corporate governance rules generally dictate that voting rights are allocated based on the type of shares held.
2. Amendments to the Articles of Incorporation generally require the approval of shareholders with voting rights.

Conclusion

Since non-voting shareholders generally do not have voting rights regarding amendments to the Articles of Incorporation, the statement presented in the question is False.

Final Answer

False