§ 16-6a-1014. Amendment terminating members or redeeming or canceling memberships.

Latest version.

(1)

An amendment to the articles of incorporation or bylaws of a nonprofit corporation shall meet the requirements of this chapter and this section if the amendment would:

(a)	terminate all members or any class of members; or

(b)	redeem or cancel all memberships or any class of memberships.

(2)	Before adopting a resolution proposing an amendment as described in Subsection (1), the board of directors of a nonprofit corporation shall give notice of the general nature of the amendment to the members.

Enacted by Chapter 300, 2000 General Session

                    
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