2006 Utah Code - 16-10a-1021 — Bylaw changing quorum or voting requirement for shareholders.

     16-10a-1021.   Bylaw changing quorum or voting requirement for shareholders.
     (1) If authorized by the articles of incorporation, the shareholders may adopt, amend, or repeal a bylaw that fixes a greater quorum or voting requirement for shareholders, or voting groups of shareholders, than is required by this chapter. Such action is subject to the provisions of Part 7.
     (2) A bylaw that fixes a greater quorum or voting requirement for shareholders under Subsection (1) may not be adopted, amended, or repealed by the board of directors.

Enacted by Chapter 277, 1992 General Session

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