Amendment of the bylaws by board of directors or shareholders

  1. Law
  2. Arkansas Code
  3. Business and Commercial Law
  4. Corporations and Associations
  5. Business Corporation Act of 1987
  6. Amendment of Articles of Incorporation and Bylaws
  7. Amendment of Bylaws
  8. Amendment of the bylaws by board of directors or shareholders

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  1. (a) A corporation's board of directors may amend or repeal the corporation's bylaws unless:

    1. (1) the articles of incorporation or this chapter reserve this power exclusively to the shareholders in whole or part; or

    2. (2) the shareholders in amending or repealing a particular bylaw provide expressly that the board of directors may not amend or repeal that bylaw.

  2. (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A corporation's shareholders may amend or repeal the corporation's bylaws even though the bylaws may also be amended or repealed by its board of directors.


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