Ark. Code Ann. § 4-27-1020

Amendment of the bylaws by board of directors or shareholders

Known as the Arkansas Business Corporation Act

The act spans §§ 4–4 (323 sections).

Applied in 1 court decision — leading case Taylor v. Hinkle (2004)

Most recently applied in Taylor v. Hinkle (December 2004)

Acts 1987, No. 958, § 64-1010.

(1) A corporation's board of directors may amend or repeal the corporation's bylaws unless: the articles of incorporation or this chapter reserve this power exclusively to the shareholders in whole or 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.

(3) A corporation's shareholders may amend or repeal the corporation's bylaws even though the bylaws may also be amended or repealed by its board of directors.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.