Articles of Incorporation: Supermajority Requirements for Bylaw Amendments (CA) | Practical Law

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.

Articles of Incorporation: Supermajority Requirements for Bylaw Amendments (CA)

Practical Law Standard Clauses w-000-0260 (Approx. 8 pages)

Articles of Incorporation: Supermajority Requirements for Bylaw Amendments (CA)

by Practical Law Corporate & Securities
MaintainedCalifornia
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.