Montana Statutes
§ 35-14-1020 — Authority To Amend
Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 14 MONTANA BUSINESS CORPORATION ACT·Part 10 Amendment of Articles of Incorporation and Bylaws
35-14-1020 . Authority to amend.
(1)A corporation's shareholders may amend or repeal the corporation's bylaws.
(2)A corporation's board of directors may amend or repeal the corporation's bylaws unless:
(a)the articles of incorporation, 35-14-1021 , or, if applicable, 35-14-1022 reserves that power exclusively to the shareholders in whole or part; or
(b)except as provided in 35-14-206 (4), the shareholders in amending, repealing, or adopting a bylaw expressly provide that the board of directors may not amend, repeal, or adopt that bylaw.
(3)A shareholder of the corporation does not have a vested property right resulting from any provision in the bylaws.
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Legislative History
En. Sec. 158, Ch. 271, L. 2019.
Nearby Sections
15
§ 35-14-1001
Authority To Amend§ 35-14-1002
Amendment Before Issuance Of Shares§ 35-14-1003
Amendment By Board Of Directors And Shareholders§ 35-14-1004
Voting On Amendments By Voting Groups§ 35-14-1005
Amendment By Board Of Directors§ 35-14-1006
Articles Of Amendment§ 35-14-1007
Restated Articles Of Incorporation§ 35-14-1008
Amendment Pursuant To Reorganization§ 35-14-1009
Effect Of Amendment§ 35-14-101
Short Title§ 35-14-1010
Through 35-14-1019 Reserved§ 35-14-102
Reservation Of Power To Amend Or Repeal§ 35-14-1020
Authority To Amend