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Colorado Revised Statutes Title 7. Corporations and Associations § 7-130-203. Bylaw changing quorum or voting requirement for directors

Current as of January 01, 2022 | Updated by FindLaw Staff

(1) A bylaw that fixes a greater quorum or voting requirement for the board of directors may be amended:

(a) If adopted by the members, only by the members; or

(b) If adopted by the board of directors, either by the members or by the board of directors.

(2) A bylaw adopted or amended by the members that fixes a greater quorum or voting requirement for the board of directors may provide that it may be amended only by a stated vote of either the members or the board of directors.

(3) Action by the board of directors under paragraph (b) of subsection (1) of this section 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 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.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 7. Corporations and Associations § 7-130-203. Bylaw changing quorum or voting requirement for directors - last updated January 01, 2022 | https://codes.findlaw.com/co/title-7-corporations-and-associations/co-rev-st-sect-7-130-203/

Read this complete Colorado Revised Statutes Title 7. Corporations and Associations § 7-130-203. Bylaw changing quorum or voting requirement for directors on Westlaw. Westlaw subscription required.

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