Bylaw Amendment Limitation(redirected from By-Law Amendment Limitation)
Bylaw Amendment Limitation
A restriction on the process of amending the bylaws of a publicly-traded company. Examples of bylaw amendment limitations include requirements for a supermajority of shareholders to agree, or a provision rendering certain bylaws unamendable. Bylaw amendment limitations can be part of an anti-takeover measure and are governed by state law. See also: Charter amendment limitations.