GroundRules
35-14-1020: Authority to amend.
Where this section sits in the code
- TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
- CHAPTER 14. MONTANA BUSINESS CORPORATION ACT
- Part 10. Amendment of Articles of Incorporation and Bylaws
(1) A corporation's shareholders may amend or repeal the corporation's bylaws.
(2) A corporation's board of directors may amend or repeal the corporation's bylaws unless:
(a) the articles of incorporation, 35-14-1021, or, if applicable, 35-14-1022 reserves that power exclusively to the shareholders in whole or part; or
(b) except as provided in 35-14-206(4), the shareholders in amending, repealing, or adopting a bylaw expressly provide that the board of directors may not amend, repeal, or adopt that bylaw.
(3) A shareholder of the corporation does not have a vested property right resulting from any provision in the bylaws.
Collected 2026-09-14T04:53:29Z. Source file · JSON