Amendment of Bylaws by Board of Directors or

Shareholders.

(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, unless:

(1)the articles of incorporation or § 281010 reserve that power exclusively to the shareholders in whole or part; or

(2)the shareholders in amending, repealing, or adopting a bylaw expressly provide that the board of directors may not amend, repeal, or reinstate that bylaw.