Corporate Charter: Supermajority Requirements for Bylaw Amendments (TN) | Practical Law

Corporate Charter: Supermajority Requirements for Bylaw Amendments (TN) | Practical Law

A Standard Clause for the charter of a Tennessee corporation requiring the affirmative vote of a supermajority of the shareholders to adopt, amend, or repeal bylaws. 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.

Corporate Charter: Supermajority Requirements for Bylaw Amendments (TN)

Practical Law Standard Clauses w-000-2702 (Approx. 5 pages)

Corporate Charter: Supermajority Requirements for Bylaw Amendments (TN)

by Practical Law Corporate & Securities
Law stated as of 29 Nov 2023Tennessee
A Standard Clause for the charter of a Tennessee corporation requiring the affirmative vote of a supermajority of the shareholders to adopt, amend, or repeal bylaws. 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.