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4-27-1020. Amendment of the bylaws by board of directors or shareholders.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-27-1020. Amendment of the bylaws 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A corporation's shareholders may amend or repeal the corporation's bylaws even though the bylaws may also be amended or repealed by its board of directors.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-27-1020
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:4-27-1020
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 7bb968fcc2f22519b401a48352cf53ce38091162c9d17007d2e81cf21a74bb6f
Source location: content.xml paragraph 16843
Stored source content
4-27-1020. Amendment of the bylaws 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A corporation's shareholders may amend or repeal the corporation's bylaws even though the bylaws may also be amended or repealed by its board of directors.
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