• Annual Meetings – A corporation shall hold a meeting of shareholders annually at a time 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 with any provision related to managing the business and its affairs.^[3]
• Issuance of Stock – The board of directors may authorize shares to be issued for consideration, including cash, promissory notes, services performed, contracts for services to be performed, other benefits to be received, or other securities of the corporation.^[4]

If a quorum of a corporation’s directors cannot convene due to a catastrophic event, emergency bylaws may be put into effect so the corporation can continue to be managed effectively.^[5]