Required in Oklahoma?
Yes.[1]
Laws
- Annual Meetings – Meetings of shareholders may be held at such place, either within or without this state, as designated in the certificate of incorporation or bylaws.[2]
- Corporate Bylaws – The original or other bylaws of a corporation may be adopted, amended, or repealed by the incorporators or by the initial directors.[3]
- Issuance of Stock – The board of directors may authorize capital stock to be issued for consideration consisting of cash, any tangible or intangible property, or any benefit to the corporation, or any combination thereof, except for services to be performed.[4]
Emergency Bylaws
During any severe catastrophe or emergency condition, the board of directors of a corporation may implement special bylaws when a quorum of the board of directors or a standing committee cannot be readily convened for action.[5]