Illinois Amendment to Bylaws

Q: Who can amend bylaws in Illinois?

Ing to Illinois statute 805 ILCS 5/2.20, either shareholders and directors may amend corporate bylaws, unless the Articles of Incorporation state that only shareholders may amend bylaws.

Category:

Corporations - Public - Directors

State:

Multi-State

Control #:

US-CC-14-200

Format:

Instant download

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Description

This is an Amendment to the Bylaws form, to be used across the United States. This is to be used as a model, and should be modified to fit one's own personal needs.

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FAQ

The amendment is then presented, discussed, and voted upon. In contrast, a ?revision? is used when changes are so extensive and general that they are scattered throughout the document (or documents). Unlike an isolated amendment, a revision is a substitution of a new document.

Ing to Illinois statute §805 ILCS 5/2.20, either shareholders and directors may amend corporate bylaws, unless the Articles of Incorporation state that only shareholders may amend bylaws.