Articles of Incorporation: Supermajority Requirements for Bylaw Amendments (CA) | Practical Law
A Standard Clause for the articles of incorporation of a California corporation requiring the affirmative vote of shareholders holding a supermajority of the corporation's shares to adopt, amend, or repeal a bylaw. 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.