Code of Virginia (Last Updated:July 28, 2020) |
TITLE 13.1. Corporations |
CHAPTER 10. Virginia Nonstock Corporation Act |
ARTICLE 10. Amendment of Articles of Incorporation and Bylaws |
SECTION 13.1-892. Amendment of bylaws by board of directors or members |
A corporation's board of directors may amend or repeal the corporation's bylaws except to the extent that: 1. The articles of incorporation or § 13.1-893 reserves that power exclusively to the members; or 2. The members in repealing, adopting, or amending a bylaw expressly provide that the board of directors may not amend, repeal, or reinstate that bylaw. 1985, c. 522; 2007, c. 13.1-893 . |