Arizona Arizona Revised Statutes
§ 10-1022 — Bylaw increasing quorum or voting requirement for directors
ARS § 10-1022Title 10. Corporations and Associations · Ch. 10. AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS · Art. 2. Amendment of Bylaws
Statute text
View on source10-1022. Bylaw increasing quorum or voting requirement for directors A. A bylaw that fixes a greater quorum or voting requirement for the board of directors may be amended or repealed as follows: 1. If originally adopted by the shareholders, only by the shareholders. 2. If originally adopted by the board of directors, either by the shareholders or by the board of directors. B. A bylaw that is adopted or amended by the shareholders and that fixes a greater quorum or voting requirement for the board of directors may provide that it may be amended or repealed only by a specified vote of either the shareholders or the board of directors. C. Action by the board of directors under subsection A, paragraph 2 to adopt or amend a bylaw that changes the quorum or voting requirement for the board of directors shall meet the same quorum requirement and shall be adopted by the same vote required to take action under the quorum and voting requirement then in effect or proposed to be adopted, whichever is greater.