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Wisconsin Statutes Corporations (Ch. 180 to 188) § 180.1020. Amendment of bylaws by board of directors or shareholders

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

(1) A corporation's board of directors may amend or repeal the corporation's bylaws or adopt new bylaws except to the extent that any of the following applies:

(a) The articles of incorporation, s. 180.1021(2) or 180.1022(1)(a) or any other provision of this chapter reserve that power exclusively to the shareholders.

(b) The shareholders in adopting, amending or repealing a particular bylaw provide within the bylaws that the board of directors may not amend, repeal or readopt that bylaw.

(2) A corporation's shareholders may amend or repeal the corporation's bylaws or adopt new bylaws even though the board of directors may also amend or repeal the corporation's bylaws or adopt new bylaws.

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Cite this article: FindLaw.com - Wisconsin Statutes Corporations (Ch. 180 to 188) § 180.1020. Amendment of bylaws by board of directors or shareholders - last updated January 01, 2022 | https://codes.findlaw.com/wi/corporations-ch-180-to-188/wi-st-180-1020/

Read this complete Wisconsin Statutes Corporations (Ch. 180 to 188) § 180.1020. Amendment of bylaws by board of directors or shareholders on Westlaw. Westlaw subscription required.

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