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The Florida Senate

2006 Florida Statutes

SECTION 1021
Bylaw increasing quorum or voting requirements for shareholders.
Section 607.1021, Florida Statutes 2006

607.1021  Bylaw increasing quorum or voting requirements for shareholders.--

(1)  If authorized by the articles of incorporation, the shareholders may adopt or amend a bylaw that fixes a greater quorum or voting requirement for shareholders (or voting groups of shareholders) than is required by this act. The adoption or amendment of a bylaw that adds, changes, or deletes a greater quorum or voting requirement for shareholders must meet the same quorum requirement and be adopted by the same vote and voting groups required to take action under the quorum and voting requirement then in effect or proposed to be adopted, whichever is greater.

(2)  A bylaw that fixes a greater quorum or voting requirement for shareholders under subsection (1) may not be adopted, amended, or repealed by the board of directors.

History.--s. 107, ch. 89-154.