(805 ILCS 105/110.20) (from Ch. 32, par. 110.20)
Sec. 110.20.
Amendments by Directors and Members.
Where
a corporation has members entitled to vote on amendments,
one or more amendments shall be adopted in the following
manner:
(a) The board of directors shall adopt a resolution setting
forth the proposed amendment and directing that it be
submitted to a vote at a meeting of members entitled to vote
on amendments which may be either an annual or a special
meeting;
(b) Written or printed notice setting forth the proposed
amendment or a summary of the changes to be effected thereby
shall be given to each member entitled to vote on amendments
at such meeting within the time and in the manner provided
in this Act for the giving of notice of meetings of members.
If such meeting be an annual meeting, the proposed
amendment, or a summary as aforesaid, may be included in the
notice of such annual meeting;
(c) At such meeting, at which there is a quorum of members,
a vote of the members entitled to vote on the proposed
amendment shall be taken. The proposed amendment shall be
adopted by receiving the affirmative vote of at least 2/3
of the votes present and voted either in person or by
proxy, unless any class of members is entitled to vote as a
class in respect thereof, in which event the proposed
amendment shall be adopted by receiving the affirmative vote
of at least two-thirds of the votes of the class present and
voted either in person or by proxy;
(d) The articles of incorporation or the bylaws of a
corporation may supersede the two-thirds vote requirement of
subsection (c) by specifying any smaller or larger vote
requirement not less than a majority of the votes which
members entitled to vote on such amendment shall vote,
either in person or by proxy, at a meeting at which there is
a quorum.
(Source: P.A. 84-1423.)
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