607.1020 Amendment of bylaws by board of directors or shareholders.—
(1) A corporation’s board of directors may amend or repeal the corporation’s bylaws unless:
(a) The articles of incorporation or this act reserves the power to amend the bylaws generally or a particular bylaw provision exclusively to the shareholders; or
(b) The shareholders, in amending or repealing the bylaws generally or a particular bylaw provision, provide expressly that the board of directors may not amend or repeal the bylaws or that bylaw provision.
(2) A corporation’s shareholders may amend or repeal the corporation’s bylaws even though the bylaws may also be amended or repealed by its board of directors.
History.—s. 106, ch. 89-154.
Section: Previous 607.1003 607.1004 607.1005 607.1006 607.1007 607.1008 607.1009 607.1020 607.1021 607.1022 607.1101 607.1102 607.1103 607.1104 607.11045 NextLast modified: September 23, 2016