Articles of Incorporation: Supermajority Requirements for Bylaw Amendments (MN) | Practical Law

Articles of Incorporation: Supermajority Requirements for Bylaw Amendments (MN) | Practical Law

A Standard Clause for the articles of incorporation of a Minnesota 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.

Articles of Incorporation: Supermajority Requirements for Bylaw Amendments (MN)

Practical Law Standard Clauses w-000-1945 (Approx. 5 pages)

Articles of Incorporation: Supermajority Requirements for Bylaw Amendments (MN)

by Practical Law Corporate & Securities
Law stated as of 18 Sep 2023Minnesota
A Standard Clause for the articles of incorporation of a Minnesota 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.