10-1021. 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 chapters 1 through 17 of this title. The adoption or amendment of a bylaw that adds, changes or deletes a greater quorum or voting requirement for shareholders shall meet the same quorum requirement and shall 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that fixes a greater quorum or voting requirement for shareholders under subsection A shall not be adopted, amended or repealed by the board of directors.
Section: Previous 10-1004 10-1005 10-1006 10-1007 10-1008 10-1009 10-1020 10-1021 10-1022 10-1101 10-1102 10-1103 10-1104 10-1105 10-1201 NextLast modified: October 13, 2016