REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(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A corporation's shareholders may amend or repeal the corporation's bylaws even though the bylaws may also be amended or repealed by its board of directors.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 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2 - Business Corporations.
Article 10 - Amendment of Articles of Incorporation and Bylaws.
Division B - Amendment of Bylaws.
Section 10A-2-10.20 - Amendment by Board of Directors or Shareholders.
Section 10A-2-10.21 - Bylaw Increasing Quorum or Voting Requirement for Shareholders.
Section 10A-2-10.22 - Bylaw Increasing Quorum or Voting Requirement for Directors.