§ 14-3-1021 — Amendment where vote of members required

(a) To adopt an amendment to a corporation's bylaws if there are members required to vote thereon: (1) The board of directors must recommend the amendment to the members unless the board of directors elects, because of a conflict of interest or other special circumstances, to make no recommendation and communicates the basis for its election to the members with the amendment; (2) Unless this chapter, the articles, the bylaws, the members (acting pursuant to subsection (b) of this Code section), or the board of directors (acting pursuant to subsection (c) of this Code section) require a greater vote or voting by class, the members entitled to vote on the amendment must approve the amendment by two-thirds of the votes cast or a majority of the voting power, whichever is less; and (3) Any person or persons whose approval is required by a provision of the articles or bylaws authorized by Code Section 14-3-1030 or 14-3-1041 must approve the amendment in writing. (b) The members may condition the amendment's adoption on any basis. (c) The board may condition its submission of the proposed amendment on any basis. (d) The corporation shall give notice to its members of the proposed membership meeting in writing in accordance with Code Section 14-3-704 . The notice must also state that the purpose, or one of the purposes, of the meeting is to consider the proposed amendment and contain or be accompanied by a copy or summary of the amendment. (e) If the amendment is submitted to the members for approval by written consent or written ballot, the material soliciting the approval shall contain or be accompanied by a copy or summary of the amendment.

Legislative History

Amended by 2023 Ga. Laws 260,§ 1-1, eff. 7/1/2023.