Laws
- Annual Meetings – A corporation must hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws.[1]
- Corporate Bylaws – The incorporators or board of directors must adopt initial bylaws for the corporation, containing provisions that align with the articles of incorporation.[2]
- Issuance of Stock – The board of directors may issue shares for consideration consisting of any tangible or intangible property or benefit to the corporation.[3]
Emergency Bylaws
The board of directors may implement specific bylaws to manage the corporation during an emergency. After the crisis has ended, the emergency bylaws will cease to be effective.[4]