B.  AMENDMENT
OF BYLAWS



 



[§414-301]  Amendment by board of directors
or shareholders.  (a)  A corporation's board of directors may amend or
repeal the corporation's bylaws unless:



(1)  The articles of incorporation or this chapter
reserve this power exclusively to the shareholders in whole or part; or



(2)  The shareholders in amending or repealing a
particular bylaw provide expressly that the board of directors may not amend or
repeal that bylaw.



(b)  A corporation's shareholders may amend or
repeal the corporation's bylaws even though the bylaws may also be amended or
repealed by its board of directors. [L 2000, c 244, pt of §1]