Title 46, Chapter 3, Section 267
( 46-3-267)
(a) Whenever, with respect to any action to be taken by the members
of an electric membership corporation, the articles of incorporation
or bylaws require the vote or concurrence of a greater number of the
members than required by this article with respect to such action,
the provisions of the articles of incorporation or bylaws shall
control. (b) Any such provision in the articles of incorporation or bylaws
may not itself be amended by a vote less than the vote prescribed in
such provision. (c) The authorization or taking of any action by vote or concurrence
of the members may be rescinded or revoked by the same vote or
concurrence as at the time of rescission or revocation would be
required to authorize or take such action in the first instance,
subject to the contract rights of other persons. |