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2019 Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 14. Montana Business Corporation Act(effective June 1, 2020)
Part 10. Amendment of Articles of Incorporation and Bylaws(Effective June 1, 2020)
35-14-1020. Authority to amend
Universal Citation: MT Code § 35-14-1020 (2019)
35-14-1020. Authority to amend. (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.
History: En. Sec. 158, Ch. 271, L. 2019.
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