(a) A corporation's board of directors may amend or repeal the corporation's bylaws unless:
(1) 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.
(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A corporation's shareholders may amend or repeal the corporation's bylaws even though the bylaws may also be amended or repealed by its board of directors.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 27 - Business Corporation Act of 1987
Subchapter 10 - Amendment of Articles of Incorporation and Bylaws
Part B - : Amendment of Bylaws
§ 4-27-1020. Amendment of the bylaws by board of directors or shareholders
§ 4-27-1021. Bylaw increasing quorum or voting requirement for shareholders
§ 4-27-1022. Bylaw increasing quorum or voting requirement for directors