Who may adopt, amend or repeal the bylaws, and on what vote - the second-tier document, distinct from amending this Constitution.
Amendment of the Bylaws
Who may adopt, amend or repeal the bylaws, and on what vote - the second-tier document, distinct from amending this Constitution.
- Clause id:
bylaw-amendment@1.0.0
- Activated by the
bylaw-amendment module
- Composes after:
## Article III - Powers (a document package may override this through its anchors map)
- Placeholders:
bylawStakeholderThresholdText
Item numbers in this clause are canonical: they open at 1.1 under the
clause's own heading and never assume a host document's numbering. A
consumer composing the clause renumbers it to continue the target
document.
Source: form follows the market-standard Delaware C-Corp startup formation set as produced by Stripe Atlas; the text is standard Delaware corporate practice under the general corporation law, not a third party's proprietary drafting, and no real party's data is shipped. Carried at the same provenance discipline as delaware-ccorp@1.0.0: no real party's data is shipped, and the slug carries no third-party trademark.
Licence: Apache-2.0
Legal review: The bylaws are an internal document and are never filed with a registrar; this clause governs control of them, not their contents.
Do not hand-edit this directory. It is generated:
node scripts/import-entity-templates.mjs [path-to-model-factory]
Amendment of the Bylaws
1.1 The Board of Directors is expressly empowered to adopt, amend or repeal the bylaws of the Entity.
1.2 The constituents shall also have power to adopt, amend or repeal the bylaws; provided that, in addition to any vote required by law or by this Constitution, such action by the constituents shall require the affirmative vote of the holders of at least a majority of the voting power of all then-outstanding shares entitled to vote generally in the election of directors, voting together as a single class.
Amendment of the Bylaws
----
**1.1** The Board of Directors is expressly empowered to adopt, amend or repeal the bylaws of the Entity.
**1.2** The constituents shall also have power to adopt, amend or repeal the bylaws; provided that, in addition to any vote required by law or by this Constitution, such action by the constituents shall require the affirmative vote of the holders of at least a majority of the voting power of all then-outstanding shares entitled to vote generally in the election of directors, voting together as a single class.
## Amendment of the Bylaws
**1.1** The Board of Directors is expressly empowered to adopt, amend or repeal the bylaws of the Entity.
**1.2** The constituents shall also have power to adopt, amend or repeal the bylaws; provided that, in addition to any vote required by law or by this Constitution, such action by the constituents shall require the affirmative vote of {{bylawStakeholderThresholdText}}.
{
"$class": "id.entity.render.clause.bylawAmendment@1.0.0.BylawAmendmentClauseRender",
"bylawStakeholderThresholdText": "the holders of at least a majority of the voting power of all then-outstanding shares entitled to vote generally in the election of directors, voting together as a single class"
}
/*
* Render model fragment for bylaw-amendment@1.0.0.
*
* NOT a canonical data model. It carries exactly the placeholders the
* TemplateMark body uses, so the clause renders independently of any
* document package.
*
* provenance:
* source: id.entity.core (projection)
* licence: Apache-2.0
*/
namespace id.entity.render.clause.bylawAmendment@1.0.0
import org.accordproject.runtime@0.2.0.{Request,Response} from https://models.accordproject.org/accordproject/runtime@0.2.0.cto
@template
concept BylawAmendmentClauseRender {
o String bylawStakeholderThresholdText
}