AMENDMENT BY SHAREHOLDERS Clause Samples
The "Amendment by Shareholders" clause defines the process by which shareholders can propose and approve changes to a company's governing documents, such as its bylaws or articles of incorporation. Typically, this clause outlines the required percentage of shareholder votes needed to pass an amendment and may specify procedures for submitting proposed changes or calling special meetings. Its core practical function is to ensure that significant modifications to the company's foundational rules are subject to shareholder oversight and consent, thereby protecting shareholder interests and maintaining corporate governance integrity.
POPULAR SAMPLE Copied 1 times
AMENDMENT BY SHAREHOLDERS. New Bylaws may be adopted, or these Bylaws may be amended or repealed by the vote or written consent of holders of a majority of the outstanding shares entitled to vote; provided, however, that if the articles of incorporation set forth the number of authorized directors, then the authorized number of directors may be changed only by an amendment of the articles of incorporation.
AMENDMENT BY SHAREHOLDERS. These By-Laws may be amended or repealed by the affirmative vote or written consent of two-thirds of the outstanding shares entitled to vote, except as otherwise provided by applicable law or by the Agreement or these By-Laws.
AMENDMENT BY SHAREHOLDERS. New By-Laws may be adopted or these By-Laws may be amended or repealed by the vote or written consent of holders of a majority of the outstanding shares entitled to vote; provided, however, that if the Articles of Incorporation of the corporation set forth the number of authorized Directors of the corporation, then the authorized number of Directors may be changed only by an amendment of the Articles of Incorporation.
AMENDMENT BY SHAREHOLDERS. New By-Laws may be amended or repealed by the affirmative vote or written consent of a majority of the outstanding shares entitled to vote, except as otherwise provided by applicable law or by the Declaration of Trust or these By-Laws.
AMENDMENT BY SHAREHOLDERS. The shareholders shall have power to rescind, alter, amend or repeal any by-laws and to adopt by-laws which, if so expressed, may not be rescinded, altered, amended or repealed by the Board of Directors.
I, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Secretary of Central ▇▇▇▇▇▇ Gas & Electric Corporation, do hereby certify that the foregoing is a full, true and correct copy of the by-laws of said Corporation as in effect at the date hereof.
AMENDMENT BY SHAREHOLDERS. These Bylaws may be amended or repealed, in whole or in part, at any time by the affirmative vote or written consent of a majority of the outstanding shares issued and entitled to vote, except as otherwise provided by applicable law or by the Declaration of Trust or these Bylaws.
AMENDMENT BY SHAREHOLDERS. 16 Section 2.
AMENDMENT BY SHAREHOLDERS. Subject to Section 9 of Article II, new Bylaws may be adopted or these Bylaws may be amended or repealed by the vote or written consent of holders of a majority of the outstanding shares entitled to vote; provided, however, that if the Articles of Incorporation of the corporation set forth the number of authorized Directors of the corporation, the authorized number of Directors may be changed only by an amendment of the Articles of Incorporation.
AMENDMENT BY SHAREHOLDERS. The shareholders entitled to vote thereon shall have the power to alter, amend, or repeal these Bylaws, by the vote of a majority of the votes cast at a duly convened regular or special meeting of shareholders. In the case of a meeting of shareholders to amend or repeal these Bylaws, notice (which shall be written if required by the PaBCL) shall be given to each shareholder entitled to vote thereon that the purpose, or one of the purposes, of the meeting is to consider the adoption, amendment or repeal of these Bylaws.
AMENDMENT BY SHAREHOLDERS. 22 9.2 Amendment by Directors. 22 9.3 Record of Amendments 22 ARTICLE X CONFIDENTIALITY OF CORPORATE RECORDS 22 ARTICLE XI INTERPRETATION 23 BYLAWS OF