The stockholders and the members of the corporation shall have the following powers of the corporation:

1. (1) to elect directors;
2. (2) to make, amend, and repeal bylaws;
3. (3) to amend the charter; and
4. (4) to exercise those powers of the corporation as may be conferred on the stockholders and the members by the bylaws.

HISTORY: 1962 Code Section 12-1144; 1958 (50) 1886; 2015 Act No. 60 (S.389), Section 1, eff June 4, 2015.

Effect of Amendment

2015 Act No. 60, Section 1, in (1) through (4), changed "To" to lower case; in (2), inserted a comma following "amend"; and in (4), substituted "those powers" for "such other of the powers".