Arkansas Statutes
§ 4-27-1020 — Amendment of the bylaws by board of directors or shareholders
Arkansas·Title 4
(a)A corporation's board of directors may amend or repeal the corporation's bylaws unless:
(1)the articles of incorporation or this chapter reserve this power exclusively to the shareholders in whole or part; or (2) the shareholders in amending or repealing a particular bylaw provide expressly that the board of directors may not amend or repeal that bylaw.
(b)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corporation's shareholders may amend or repeal the corporation's bylaws even though the bylaws may also be amended or repealed by its board of directors.
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Related
Taylor v. Hinkle
200 S.W.3d 387 (Supreme Court of Arkansas, 2004)
Legislative History
Acts 1987, No. 958, § 64-1010.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
Presumptions