• Annual Meetings – A corporation shall hold a meeting of shareholders annually at a time and place stated in or fixed in accordance with the bylaws.^[2]
• Corporate Bylaws – The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation.^[3]
• Issuance of Stock – The board of directors may authorize shares to be issued for consideration consisting of any tangible or intangible property or benefit to the corporation.^[4]

Emergency bylaws are bylaws that may be adopted by a corporation during an emergency of a catastrophic nature which will allow the corporation to maintain management effectively.^[5]