lock-in amendment

lock-in amendment definition - business

lock-in amendment

An amendment to a corporate charter that makes it more difficult to void previously approved amendments. For example, a lock-in amendment may require a 60% approval vote to change an existing antitakeover amendment.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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