Utah Code Ann. § 16-10a-1021 – Bylaw changing quorum or voting requirement for shareholders. | Midpage
§ 16-10a-1021
Utah Code Ann. § 16-10a-1021
Bylaw changing quorum or voting requirement for shareholders.
Amended by Chapter 85, 2007 General Session
(1) If authorized by the articles of incorporation or this chapter, the shareholders may adopt, amend, or repeal a bylaw that fixes a greater quorum or voting requirement for shareholders, or voting groups of shareholders, than is required by this chapter. Such action is subject to the provisions of Part 7, Shareholders.
(2) A bylaw that fixes a greater quorum or voting requirement for shareholders under Subsection (1) may not be adopted, amended, or repealed by the board of directors.