Tennessee Statutes
§ 48-20-201 — Amendment of bylaws by board of directors or shareholders
Tennessee·Title 48
(a)A corporation's board of directors may amend or repeal the corporation's bylaws unless:
(1)The charter or chapters 11-27 of this title reserve this power exclusively to the shareholders in whole or in part; or (2) The shareholders in amending or repealing a particular bylaw provide expressly that the board of directors may not amend or repeal that bylaw.
(b)A corporation's shareholders may amend or repeal the corporation's bylaws even though the bylaws may also be amended or repealed by its board of directors.
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Tennessee § 48-20-201 (Amendment of bylaws by board of directors or shareholders) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1986, ch. 887, § 10.20.
Nearby Sections
15
§ 48-1-101
Short title§ 48-1-102
Part definitions§ 48-1-103
Exemptions§ 48-1-105
Registration by coordination§ 48-1-106
Registration by qualification§ 48-1-109
Registration as broker-dealers, agents, investment advisers, and investment adviser representatives§ 48-1-111
Records and reports - Examinations§ 48-1-115
Administration