{"data":{"id":"us-me/13-c-m.r.s.-1020","jurisdiction":"us-me","citation":"13-C M.R.S. §1020","heading":"Amendment by board of directors or shareholders","body":"1.  Shareholders amend; repeal bylaws.  A corporation's shareholders may amend or repeal the corporation's bylaws.\n2.  Board of directors amend bylaws.  A corporation's board of directors may amend or repeal the corporation's bylaws, unless:\nA.  The articles of incorporation or section 1021 reserve that power exclusively to the shareholders in whole or part; or\nB.  Except as provided in section 206, subsection 4, the shareholders in amending, repealing or adopting a bylaw expressly provide that the board of directors may not amend, repeal or reinstate that bylaw.","path":["TITLE 13-C: MAINE BUSINESS CORPORATION ACT","CHAPTER 10: AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS","SUBCHAPTER 2: AMENDMENT OF BYLAWS"],"source_url":"https://legislature.maine.gov/statutes/13-C/title13-Csec1020.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:27Z","sha256":"7182f5c98b8366c09acde1f8bb84d0e7051e1d25149f46d34f0d3bb01f9b2a8a","source_id":"us-me","stale":false,"prev":"us-me/13-c-m.r.s.-1009","next":"us-me/13-c-m.r.s.-1021"},"notice":"GroundRules: Original legal text. Not legal advice."}