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Title 17 Corporations, Partnerships and Associations

Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.

Change 1

What to do with it
As published

17-16-825. Committees.

(a) Unless this act, the articles of incorporation or bylaws provide otherwise, a board of directors may create one (1) or more committees and appoint one (1) or more members of the board of directors to serve on any committee. (b) The creation of a committee and appointment of members to it shall be approved by the greater of: (i) A majority of all the directors in office when the action is taken; or (ii) The number of directors required by the articles of incorporation or bylaws to take action under W.S. 17-16-824. (c) W.S. 17-16-820 through 17-16-824 apply to committees and their members as well. (d) To the extent specified by the board of directors or in the articles of incorporation or bylaws, each committee may exercise the authority of the board of directors under W.S. 17-16-801. (e) A committee may not, unless specifically authorized by the board of directors: (i) Authorize or approve distributions except according to a formula or method, or within limits, prescribed by the board of directors; (ii) Approve or propose to shareholders action that this act requires to be approved by shareholders; (iii) Fill vacancies on the board of directors or, subject to subsection (g) of this section, on any of its committees; (iv) Adopt, amend or repeal bylaws. (f) The creation of, delegation of authority to, or action by a committee does not alone constitute compliance by a director with the standards of conduct described in W.S. 17-16-830. (g) The board of directors may appoint one (1) or more directors as alternate members of any committee to replace any absent or disqualified member during the member's absence or disqualification. Unless the articles of incorporation or the bylaws or the resolution creating the committee provide otherwise, in the event of the absence or disqualification of a member of a committee, the member or members present at any meeting and not disqualified from voting, unanimously, may appoint another director to act in place of the absent or disqualified member. C. Standards of Conduct

Your change, as a redline

17-16-825. Committees.

(a) Unless this act, the articles of incorporation or bylaws provide otherwise, a board of directors may create one (1) or more committees and appoint one (1) or more members of the board of directors to serve on any committee. (b) The creation of a committee and appointment of members to it shall be approved by the greater of: (i) A majority of all the directors in office when the action is taken; or (ii) The number of directors required by the articles of incorporation or bylaws to take action under W.S. 17-16-824. (c) W.S. 17-16-820 through 17-16-824 apply to committees and their members as well. (d) To the extent specified by the board of directors or in the articles of incorporation or bylaws, each committee may exercise the authority of the board of directors under W.S. 17-16-801. (e) A committee may not, unless specifically authorized by the board of directors: (i) Authorize or approve distributions except according to a formula or method, or within limits, prescribed by the board of directors; (ii) Approve or propose to shareholders action that this act requires to be approved by shareholders; (iii) Fill vacancies on the board of directors or, subject to subsection (g) of this section, on any of its committees; (iv) Adopt, amend or repeal bylaws. (f) The creation of, delegation of authority to, or action by a committee does not alone constitute compliance by a director with the standards of conduct described in W.S. 17-16-830. (g) The board of directors may appoint one (1) or more directors as alternate members of any committee to replace any absent or disqualified member during the member's absence or disqualification. Unless the articles of incorporation or the bylaws or the resolution creating the committee provide otherwise, in the event of the absence or disqualification of a member of a committee, the member or members present at any meeting and not disqualified from voting, unanimously, may appoint another director to act in place of the absent or disqualified member. C. Standards of Conduct

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