Corporations — Business corporations — Articles of incorporation — Amendment — Validity — Creating voting rights — Business Corporation Law.
Under § 801 of the Business Corporation Law of May 5, 1933, P. L. 364, the shareholders have power to adopt an amendment to the articles of incorporation which gives to the preferred stock voting rights share for share with the common; no property or contractual rights are affected where the method of voting is changed by charter amendment.
OPINION PER CURIAM, January 3, 1955:
The decree is affirmed on the opinion of President Judge KNIGHT, contained in his adjudication as chancellor and confirmed by the court en banc, reported in full at 70 Montgomery County Law Reporter, page 230 et seq.
Decree affirmed at appellant's costs.