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that fixes a greater quorum or voting requirement for shareholders underSubsection (1) may not be adopted, amended, or repealed by the board of directors.
Amended by Chapter 85, 2007 General Session