Current through L. 2024, ch. 259
Section 10-1020 - Amendment by board of directors or shareholdersA. A corporation's board of directors may amend or repeal the corporation's bylaws unless either:1. The articles of incorporation or chapters 1 through 17 of this title reserve this power exclusively to the shareholders in whole or part.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A corporation's shareholders may amend or repeal the corporation's bylaws even though the bylaws may also be amended or repealed by the board of directors.