KRS 271B.10-220: Bylaw increasing quorum or voting requirements for directors.
Where this section sits in the code
(1) A bylaw that fixes a greater quorum or voting requirement for the board of directors
may be amended or repealed:
(a) If originally adopted by the shareholders, only by the shareholders; or
(b) If originally adopted by the board of directors, either by the shareholders or by
the board of directors.
(2) A bylaw adopted or amended by the shareholders that fixes a greater quorum or
voting requirement for the board of directors may provide that it may be amended or
repealed only by a specified vote of either the shareholders or the board of directors.
(3) Action by the board of directors under subsection (1)(b) of this section to adopt or
amend a bylaw that changes the quorum or voting requirement for the board of
directors shall meet the same quorum requirement and be adopted by the same vote
required to take action under the quorum and voting requirement then in effect or
proposed to be adopted, whichever is greater.
Collected 2026-09-05T20:53:19Z. Source file · JSON