The Vermont Statutes Online
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
NOTE: The online version of the Vermont Statutes does NOT yet include the actions of the 2023 legislative session. The 2023 updates should be available by the end of October.
Title 11A : Vermont Business Corporations
Chapter 010 : AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS
Subchapter 002 : AMENDMENT OF BYLAWS
(Cite as: 11A V.S.A. § 10.20)-
§ 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A corporation’s shareholders may amend or repeal the corporation’s bylaws even though the bylaws may also be amended or repealed by its board of directors.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.)
