Updated April 25, 2023
Arizona corporate bylaws outline the rules and organizational structure of a corporation and are drafted and adopted by the initial board of directors. The bylaws may contain any terms or conditions the directors deem necessary to run the organization. In most cases, the bylaws will include the place and time of annual meetings, the names of the members and officers, and the rules for the issuance of stock. Once it has been executed, the document is legally binding for all signatories.
Required in Arizona? Yes (ARS 10-206(A))
Laws
- Annual Meetings – ARS 10-701(B)
- Corporate Bylaws – ARS 10-206
- Issuance of Stock – ARS 10-621
Emergency Bylaws
The board of directors may create emergency bylaws to prepare for the circumstance that a minority of the directors are able to be contacted due to a local emergency, a state-wide emergency, or a state of war emergency. (ARS 10-207)