2012 Nebraska Revised Statutes
Chapter 21 - CORPORATIONS AND OTHER COMPANIES
21-20,125 - Bylaws; amendment by board of directors or shareholders.
(1) A corporation's board of directors may amend or repeal the corporation's bylaws unless:
(a) The articles of incorporation or the Business Corporation Act reserves 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.
(2) A corporation's shareholders may amend or repeal the corporation's bylaws even though the bylaws may also be amended or repealed by its board of directors.
- Laws 1995, LB 109, ยง 125.
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