4-27-1021. Bylaw increasing quorum or voting requirement for shareholders.

Arkansas Code — all titles (historical 2020) · legal_authorities

4-27-1021. Bylaw increasing quorum or voting requirement for shareholders.

4-27-1021. Bylaw increasing quorum or voting requirement for shareholders. (a) If authorized by the articles of incorporation, the shareholders may adopt or amend a bylaw that fixes a greater quorum or voting requirement for shareholders (or voting groups of shareholders) than is required by this chapter. The adoption or amendment of a bylaw that adds, changes, or deletes a greater quorum or voting requirement for shareholders must meet the same quorum requirement and be adopted by the same vote and voting groups required to take action under the quorum and voting requirement then in effect or proposed to be adopted, whichever is greater. (b) A bylaw that fixes a greater quorum or voting requirement for shareholders under subsection (a) of this section may not be adopted, amended, or repealed by the board of directors.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-27-1021

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.