Articles of Incorporation: Supermajority Requirement for By-Law Amendments (IL) | Practical Law
A Standard Clause for the articles of incorporation of an Illinois corporation requiring the affirmative vote of a supermajority of the shareholders to adopt, amend, or repeal by-laws. This Standard Clause is intended to be used as an anti-takeover provision. This Standard Clause has integrated notes with important explanations and drafting tips.