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2018 Kentucky Revised Statutes
CHAPTER 271B - BUSINESS CORPORATIONS
Subtitle 10 - Amendment of Articles of Incorporation and Bylaws
271B.10-200 Amendment by board of directors or shareholders.

Universal Citation: KY Rev Stat § 271B.10-200 (2018)
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271B.10-200 Amendment by board of directors or shareholders. (1) (2) (3) A corporation's board of directors may amend or repeal the corporation's bylaws unless: (a) The articles of incorporation or this chapter reserve this power exclusively to the shareholders in whole or part; or (b) The shareholders in amending or repealing a particular bylaw provide expressly that the board of directors may not amend or repeal that bylaw. A corporation's shareholders may amend or repeal the corporation's bylaws even though the bylaws may also be amended or repealed by its board of directors. A shareholder of the corporation shall not have a vested property right resulting from any provision in the bylaws. Effective:June 29, 2017 History: Amended 2017 Ky. Acts ch. 193, sec. 8, effective June 29, 2017. -Created 1988 Ky. Acts ch. 23, sec. 112, effective January 1, 1989.
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