Articles of Organization: Supermajority Requirements for Bylaw Amendments (MA) | Practical Law

Articles of Organization: Supermajority Requirements for Bylaw Amendments (MA) | Practical Law

A Standard Clause for the articles of organization of a Massachusetts for-profit corporation authorizing the board of directors (concurrently with the shareholders) to modify the bylaws and requiring the affirmative vote of a majority of the board of directors or a supermajority of the shareholders to make, amend, or repeal a bylaw. This Standard Clause has integrated notes with important explanations and drafting tips.

Articles of Organization: Supermajority Requirements for Bylaw Amendments (MA)

Practical Law Standard Clauses w-000-0622 (Approx. 6 pages)

Articles of Organization: Supermajority Requirements for Bylaw Amendments (MA)

by Practical Law Corporate & Securities
Law stated as of 07 Sep 2023Massachusetts
A Standard Clause for the articles of organization of a Massachusetts for-profit corporation authorizing the board of directors (concurrently with the shareholders) to modify the bylaws and requiring the affirmative vote of a majority of the board of directors or a supermajority of the shareholders to make, amend, or repeal a bylaw. This Standard Clause has integrated notes with important explanations and drafting tips.