The Unocal Standard of Review Governs Bylaws
Tainted by the Omnipresent Specter of Self-Interest
Mark Maass, chairman of the Bylaw
Committee, thanked those present for bylaw
approval, noting that the committee had met for more than three years to prepare the bylaws
Citing Section 109(b) of the DGCL for the baseline rule that the bylaws
may contain any provision not inconsistent with law or the corporation's certificate of incorporation, the court noted that bylaws
are presumptively valid and that a bylaw
that "allocated risk among parties in intra-corporate litigation would appear to satisfy the DGCL's requirement that bylaws
'must re I at [e] to the business of the corporation, the conduct of its affairs, and its rights and powers or the rights and powers of its stockholders, directors, officers or employees.'" Although the corporation in this case was a non-stock corporation, the analysis is applicable to stock corporations and non-stock corporations alike, with the members of non-stock corporations being analogous to stockholders.
As provided in the GNA Bylaws
the offices to be elected in 2015 are:
Pennsylvania law specifies that only members of our organization can make certain kinds of changes or amendments to our Bylaws
. Yet, the Bylaws
we have been operating under state that only the board of directors can amend the Bylaws
According to the new bylaws
, general standards will be a major factor in the evaluation of a student's performance and a teacher will be the only one to decide the promotion of a student to a higher class at the primary level.
On behalf of the National Board of Directors of the Canadian Association of Critical Care Nurses, this letter provides notice to all members of the proposed revision to the association's current constitution and bylaws
and the changes under the new Canada Not-For-Profit Act.
TELECOMWORLDWIRE-September 26, 2013-VimpelCom shareholders approve bylaw
amendments(C)1994-2013 M2 COMMUNICATIONS http://www.m2.com
Mustafa Sd, vice-president of the Cairo University Student Union and ESU member, said each university student union would send its proposed amendments of the bylaws
to the committee.
Continued update of bylaws
with Election Committee language in appropriate sections.
Global Banking News-June 6, 2013--Money transaction bylaws
released in Indonesia(C)2013 ENPublishing - http://www.enpublishing.co.uk
Over the past several months, the AzNA Board of Directors, along with the Bylaws
Committee, has been working to update and improve the AzNA bylaws
This direction and possible limitation to your practice in the inpatient setting is spelled out in the Medical Staff Bylaws
of your employing facility.
To thwart this troubling trend, Grundfest proposed that Delaware corporations adopt bylaws
stating that all shareholder litigation must take place in the state of incorporation.