Common use of By Shareholders Clause in Contracts

By Shareholders. Unless the Articles of Incorporation or by-law adopted by the shareholders provides otherwise as to all or some portion of the by-laws, the shareholders may amend, repeal or adopt the by-laws even though the by-laws may also be amended, repealed or adopted by the board of directors.

Appears in 3 contracts

Sources: By Laws (All American Consultant Aircraft Inc), By Laws (Dp Charters Inc/Ca), By Laws (Netmaster Inc)

By Shareholders. Unless the Articles of Incorporation or by-law adopted by the shareholders provides otherwise as to all or some portion of the by-laws, the shareholders may amend, repeal or adopt the by-laws even though the by-laws may also be amended, repealed or adopted by the board of directors. The above by-laws originally approved and adopted by the Board of Directors on March 21, 1997.

Appears in 2 contracts

Sources: By Laws (Marketcentral Net Corp), By Laws (Marketcentral Net Corp)