Bylaws Subject to Amendment. These Bylaws may be altered, amended or repealed, in whole or in part, at any time by vote of the holders of a majority of the Shares issued, outstanding and entitled to vote. The Trustees, by vote of a Majority of the Trustees (unless a greater vote is required by Section 2.8 hereof), may alter, amend or repeal these Bylaws, in whole or in part, including Bylaws adopted by the Shareholders, except with respect to any provision hereof which by law, the Declaration or these Bylaws requires action by the Shareholders. Bylaws adopted by the Trustees may be altered, amended or repealed by the Shareholders.
Appears in 4 contracts
Samples: Agreement and Declaration of Trust (American Capital Corporate Bond Fund Inc), Agreement and Declaration of Trust (American Capital Life Investment Trust), Agreement and Declaration of Trust (American Capital Growth & Income Fund Inc)
