Required in Connecticut?
Yes.[1]
Laws
- Annual Meetings – An annual shareholders meeting must be held at a time and place in accordance with the bylaws.[2]
- Corporate Bylaws – The bylaws may contain any provision that is consistent with the articles of incorporation.[3]
- Issuance of Stock – The board of directors may authorize shares to be issued for any tangible or intangible property or benefit to the corporation, including cash, promissory notes, services performed, contracts for services to be performed, or other securities of the corporation.[4]
Emergency Bylaws
If a majority of the board of directors cannot be assembled due to a catastrophic event, the corporation may resort to emergency bylaws reserved for such a situation. The emergency measures become ineffective as soon as the situation is resolved.[5]