607.1020 Amendment of bylaws by board of directors or shareholders. - Florida Statutes

607.1020 Amendment of bylaws by board of directors or shareholders.

   (1) A corporation’s board of directors may amend or repeal the corporation’s bylaws unless:

   (a) The articles of incorporation or this act reserves the power to amend the bylaws generally or a particular bylaw provision exclusively to the shareholders; or

   (b) The shareholders, in amending or repealing the bylaws generally or a particular bylaw provision, provide expressly that the board of directors may not amend or repeal the bylaws or that bylaw provision.

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A corporation’s shareholders may amend or repeal the corporation’s bylaws even though the bylaws may also be amended or repealed by its board of directors.

History. s. 106, ch. 89-154.