SECTION 607.1020. Amendment of bylaws by board of directors or shareholders.

Latest version.

1(1) 2A corporation’s board of directors may amend or repeal the corporation’s bylaws unless:
15(a) 16The articles of incorporation or this chapter reserves that power exclusively to the shareholders in whole or in part; or
36(b) 37Except as provided in s. 42607.0206(5), 43the shareholders, in amending, repealing, or adopting the bylaws generally or a particular bylaw provision, expressly provide that the board of directors may not amend, repeal, adopt, or reinstate the bylaws generally or that particular bylaw provision.
80(2) 81A corporation’s shareholders may amend or repeal the corporation’s bylaws even though the bylaws may also be amended or repealed by its board of directors.
106(3) 107A shareholder does not have a vested property right resulting from any provision in the bylaws.

History.-s. 106, ch. 89-154; s. 128, ch. 2019-90.

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