GEORGIA CODE (Last Updated: August 20, 2013) |
Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS |
Chapter 2. BUSINESS CORPORATIONS |
Article 10. AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS |
Part 2. AMENDMENT OF BYLAWS |
Section 14-2-1022. Bylaw increasing quorum or voting requirement for directors
Latest version.
- (a) Unless provided otherwise in the articles of incorporation or the bylaws, a bylaw that fixes a greater quorum or voting requirement for the board of directors:
(1) May be adopted, amended, or repealed by the shareholders only by the affirmative vote of a majority of the votes entitled to be cast; or
(2) May be adopted, amended, or repealed by the directors only by a majority of the entire board of directors.
(b) A bylaw adopted or amended by the shareholders that fixes a greater quorum or voting requirement for the board of directors may provide that it may be amended or repealed only by a specified vote of either the shareholders or the board of directors.
Code 1981, § 14-2-1022, enacted by Ga. L. 1988, p. 1070, § 1.