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District of Columbia Code Division V. Local Business Affairs § 29-408.20. Amendment by board of directors or members.

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Except as otherwise provided in the articles of incorporation or bylaws, the members of a membership corporation may amend or repeal the corporation's bylaws.

(b) The board of directors of a membership corporation or nonmembership corporation may amend or repeal the corporation's bylaws, unless the articles of incorporation or bylaws or § 29-408.21 or § 29-408.22 reserve that power exclusively to the members or a designated body in whole or part.

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Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 29-408.20. Amendment by board of directors or members. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-29-408-20/

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