Montana § 35-14-1020 Authority To Amend

Montana Statutes

§ 35-14-1020 — Authority To Amend

Montana § 35-14-1020

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 14MONTANA BUSINESS CORPORATION ACT

Part 10Amendment of Articles of Incorporation and Bylaws

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Bluebook

Mont. Code Ann. § 35-14-1020 (2026).

Text

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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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.