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In this video, attorney Marie Chris Mathan simplifies the law by discussing the articles of incorporation. She explains the nature of articles of incorporation as a contract between the corporation and the state. Mathan emphasizes that if changes or amendments are needed, they require permission from the state. To make amendments, one must apply to the Securities and Exchange Commission. The importance of the articles of incorporation as both a legal document and a contract is underscored, informing viewers about the proper procedures for any necessary modifications.