By Directors. The board of directors may amend or repeal the by-laws, or adopt new by-laws, unless: 1. The Articles of Incorporation or the State reserves the power exclusively to the shareholders in whole or in part; or 2. The shareholders in amending, repealing or adopting a particular by-law expressly provide that the board of directors may not amend that by-law.
Appears in 5 contracts
Samples: By Laws (All American Consultant Aircraft Inc), By Laws (Dp Charters Inc/Ca), By Laws (Marketcentral Net Corp)