South Carolina Statutes
§ 33-10-220 — Bylaw increasing quorum or voting requirement for directors.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 10 AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS
(a)A bylaw that fixes a greater quorum or voting requirement for the board of directors may be amended or repealed:
(1)if originally adopted by the shareholders, only by the shareholders;
(2)if originally adopted by the board of directors, either by the shareholders or by the board of directors.
(b)A bylaw adopted or amended by the shareholders that fixes a greater quorum or voting requirement for the board of directors may provide that it may be amended or repealed only by a specified vote of either the shareholders or the board of directors.
(c)Action by the board of directors under subsection (a)(2) to adopt or amend 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
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Legislative History
HISTORY: 1988 Act No. 444, SECTION 2.
Nearby Sections
13
§ 33-10-101
Authority to amend.§ 33-10-102
Amendment by board of directors.§ 33-10-104
Voting on amendments by voting groups.§ 33-10-105
Amendment before issuance of shares.§ 33-10-106
Articles of amendment.§ 33-10-107
Restated articles of incorporation.§ 33-10-108
Amendment pursuant to reorganization.§ 33-10-109
Effect of amendment.