Laws
- Annual Meetings – At least one meeting of the shareholders shall be held in each calendar year for the election of directors at a time provided in the bylaws.[1]
- Corporate Bylaws – The shareholders entitled to vote shall have the power to adopt, amend, and repeal the bylaws of a business corporation.[2]
- Issuance of Stock – The shares of a business corporation may be issued at a price determined by the board of directors.[3]
Emergency Bylaws
Emergency bylaws can be adopted by the board of directors and repealed and changed by action of the shareholders for the purposes of maintaining business operations in the event of a catastrophe affecting the state or country.[4]