16-10a-1021 - Bylaw changing quorum or voting requirement for shareholders.
16-10a-1021. Bylaw changing quorum or voting requirement for shareholders.
(1) If authorized by the articles of incorporation or this chapter, the shareholders mayadopt, amend, or repeal a bylaw that fixes a greater quorum or voting requirement forshareholders, or voting groups of shareholders, than is required by this chapter. Such action issubject to the provisions of Part 7, Shareholders.
(2) A bylaw that fixes a greater quorum or voting requirement for shareholders underSubsection (1) may not be adopted, amended, or repealed by the board of directors.
(1) If authorized by the articles of incorporation or this chapter, the shareholders mayadopt, amend, or repeal a bylaw that fixes a greater quorum or voting requirement forshareholders, or voting groups of shareholders, than is required by this chapter. Such action issubject to the provisions of Part 7, Shareholders.
(2) A bylaw that fixes a greater quorum or voting requirement for shareholders underSubsection (1) may not be adopted, amended, or repealed by the board of directors.
Amended by Chapter 85, 2007 General Session