Maine § 13-C §1021 Bylaw increasing quorum or voting requirement for directors

Maine Statutes

§ 13-C §1021 — Bylaw increasing quorum or voting requirement for directors

Maine·Title 13-C MAINE BUSINESS CORPORATION ACT·Ch. 10 AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS

1.Increase quorum or voting requirement. A bylaw that increases a quorum or voting requirement for the corporation's board of directors may be amended or repealed:

2.Bylaw increasing quorum or voting requirement. A bylaw adopted or amended by the shareholders that increases a quorum or voting requirement for the corporation's board of directors may provide that it can be amended or repealed only by a specified vote of either the shareholders or the board of directors.

3.Amendment quorum requirement. Action by the corporation's board of directors under subsection 1 to amend or repeal a bylaw that changes the quorum or voting requirement for the board of directors must meet the same quorum requirement and be adopted by the same vote required to take action under the quorum and voting requ

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1.
Increase quorum or voting requirement.
A bylaw that increases a quorum or voting requirement for the corporation's board of directors may be amended or repealed:
2.
Bylaw increasing quorum or voting requirement.
A bylaw adopted or amended by the shareholders that increases a quorum or voting requirement for the corporation's board of directors may provide that it can be amended or repealed only by a specified vote of either the shareholders or the board of directors.
3.
Amendment quorum requirement.
Action by the corporation's board of directors under subsection 1 to amend or repeal a bylaw that changes the quorum or voting requirement for the board of directors must meet the same quorum requirement and be adopted by the same vote required to take action under the quorum and voting requirement then in effect or proposed to be adopted, whichever is greater.

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