30-29-1020. AUTHORITY TO AMEND. (a) A corporation’s shareholders may amend or repeal the corporation’s bylaws.
(b) A corporation’s board of directors may amend or repeal the corporation’s bylaws unless:
(1) The articles of incorporation, section 30-29-1021, Idaho Code, or, if applicable, section 30-29-1022, Idaho Code, reserve that power exclusively to the shareholders in whole or part; or
(2) Except as provided in section 30-29-206(d), Idaho Code, the shareholders in amending, repealing, or adopting a bylaw expressly provide that the board of directors may not amend, repeal, or adopt that bylaw.
(c) A shareholder of the corporation does not have a vested property right resulting from any provision in the bylaws.
History:
[30-29-1020, added 2015, ch. 243, sec. 65, p. 945; am. 2019, ch. 90, sec. 122, p. 299.]
Structure Idaho Code
Chapter 29 - GENERAL BUSINESS CORPORATIONS
Part 10 - AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS
Section 30-29-1001 - AUTHORITY TO AMEND.
Section 30-29-1002 - AMENDMENT BEFORE ISSUANCE OF SHARES.
Section 30-29-1003 - AMENDMENT BY BOARD OF DIRECTORS AND SHAREHOLDERS.
Section 30-29-1004 - VOTING ON AMENDMENTS BY VOTING GROUPS.
Section 30-29-1005 - AMENDMENT BY BOARD OF DIRECTORS.
Section 30-29-1006 - ARTICLES OF AMENDMENT.
Section 30-29-1007 - RESTATED ARTICLES OF INCORPORATION.
Section 30-29-1008 - AMENDMENT PURSUANT TO REORGANIZATION.
Section 30-29-1009 - EFFECT OF AMENDMENT.
Section 30-29-1020 - AUTHORITY TO AMEND.
Section 30-29-1021 - BYLAW INCREASING QUORUM OR VOTING REQUIREMENT FOR DIRECTORS.
Section 30-29-1022 - BYLAW PROVISIONS RELATING TO THE ELECTION OF DIRECTORS.