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Form a Business

Amendment by board of directors or shareholders

11A V.S.A. § 10.20
in effect
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10.20. Amendment by board of directors or shareholders (a) A corporation’s board of directors may amend or repeal the corporation’s bylaws unless: (1) the articles of incorporation or this title reserve this power exclusively to the shareholders in whole or in part; or (2) the shareholders in amending or repealing a particular bylaw provide expressly that the board of directors may not amend or repeal that bylaw. (b) A corporation’s shareholders may amend or repeal the corporation’s bylaws even though the bylaws may also be amended or repealed by its board of directors. Added 1993, No. 85, § 2, eff. Jan. 1, 1994.
Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/section/11A/010/00010.20Fetched: 10/21/2026

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