Title 14, Chapter 2, Section 1022
( 14-2-1022)
(a) Unless provided otherwise in the articles of incorporation or
the bylaws, a bylaw that fixes a greater quorum or voting
requirement for the board of directors: (1) May be adopted, amended, or repealed by the shareholders only
by the affirmative vote of a majority of the votes entitled to be
cast; or (2) May be adopted, amended, or repealed by the directors only by
a majority of the entire board of directors. (b) A bylaw adopted or amended by the shareholders that fixes a
greater quorum or voting requirement for the board of directors may
provide that it may be amended or repealed only by a specified vote
of either the shareholders or the board of directors. |