Sec. 33-808. Bylaw increasing quorum or voting requirement for directors.
Sec. 33-808. Bylaw increasing quorum or voting requirement for directors.
(a) A bylaw that fixes a greater quorum or voting requirement for the board of directors
may be amended or repealed: (1) If originally adopted by the shareholders, only by the
shareholders; (2) if originally adopted by the board of directors, either by the shareholders or by the board of directors.
(b) A bylaw adopted or amended by the shareholders that fixes a greater quorum
or voting requirement for the board of directors may provide that it may be amended
or repealed only by a specified vote of either the shareholders or the board of directors.
(c) Action by the board of directors under subdivision (2) of subsection (a) of this
section to adopt or amend a bylaw that changes the quorum or voting requirement for
the board of directors must meet the same quorum requirement and be adopted by the
same vote required to take action under the quorum and voting requirement then in
effect or proposed to be adopted, whichever is greater.
(P.A. 94-186, S. 131, 215.)
History: P.A. 94-186 effective January 1, 1997.