Required in Arkansas?
Yes.[1]
Laws
- Annual Meetings – An annual shareholders’ meeting may be held at a physical location or by means of remote communication as provided in the bylaws.[2]
- Corporate Bylaws – The incorporators or board of directors of a corporation shall adopt initial bylaws that are consistent with state law.[3]
- Issuance of Stock – The company’s articles of incorporation must state the number of shares the corporation is authorized to issue and the type of classes.[4]
Emergency Bylaws
A corporation’s board of directors can adopt emergency bylaws to include all provisions necessary to ensure the continued management of the corporation when a quorum of the directors cannot be assembled due to a catastrophic event. The emergency bylaws are only effective for the duration of the emergency situation.[5]