Section 10A-2A-10.20 - Authority to amend(a) A corporation's stockholders 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 certificate of incorporation, Section 10A-2A-10.21 or, if applicable, Section 10A-2A-10.22, reserves that power exclusively to the stockholders in whole or part; or(2) except as provided in Section 10A-2A-2.05(d), the stockholders in amending, repealing, or adopting a bylaw expressly provide that the board of directors may not amend, repeal, or adopt that bylaw.(c) A stockholder of the corporation does not have a vested property right resulting from any provision in the bylaws.Ala. Code § 10A-2A-10.20 (1975)
Added by Act 2019-94,§ 1, eff. 1/1/2020.