Amendment of bylaws by board of directors or shareholders

Va. Code Ann. § 13.1-714
in effect
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A. A corporation's shareholders may amend or repeal the corporation's bylaws. B. A corporation's board of directors may amend or repeal the corporation's bylaws except to the extent that: 1. The articles of incorporation or § 13.1-715 reserves that power exclusively to the shareholders; or 2. Except as provided in subsection E of § 13.1-624 , the shareholders in amending, repealing, or adopting a bylaw expressly provide that the board of directors may not amend, repeal, or reinstate that bylaw. C. A shareholder of the corporation does not have a vested property right resulting from any provision in the bylaws. Code 1950, §§ 13-10, 13.1-24; 1956, c. 428; 1985, c. 522; 2005, c. 765 ; 2010, c. 782 ; 2019, c. 734 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/13.1-714/Fetched: 10/16/2026

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