Alaska Statutes 10.06.228 – Bylaws: adoption, amendment or repeal
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 10.06.228
- approval of the board: means approved or ratified by the vote of the board or by the vote of a committee authorized to exercise the powers of the board, except as to matters not within the competence of the committee under Alaska Stat. See Alaska Statutes 10.06.990
- approval of the outstanding shares: means approved by the affirmative vote of a majority of the outstanding shares entitled to vote. See Alaska Statutes 10.06.990
- articles of incorporation: means the original or restated articles of incorporation and all amendments and includes articles of merger. See Alaska Statutes 10.06.990
- board: means the board of directors of a domestic or foreign corporation. See Alaska Statutes 10.06.990
- shares: means the units into which the proprietary interests in a corporation are divided. See Alaska Statutes 10.06.990
Bylaws may be adopted, amended, or repealed either by approval of the outstanding shares or by approval of the board, except as provided in Alaska Stat. § 10.06.230. The articles of incorporation may restrict or eliminate the power of either the board or the outstanding shares to adopt, amend, or repeal bylaws.