• Annual Meetings – An annual members meeting must be held at a time and place in accordance with the bylaws and the articles of incorporation.^[1]
• Corporate Bylaws – The initial set of bylaws must be adopted by the board of directors or the incorporators if no directors have been elected. It must contain provisions for managing the business and be consistent with state law and the articles of incorporation.^[2]
• Issuance of Stock – The board of directors can issue shares for any tangible or intangible property or benefit to the corporation, including cash, promissory notes, services performed, and other securities of the corporation.^[3]

Emergency bylaws can be adopted to account for the management of corporate affairs in the event that a quorum of the board of directors cannot be assembled due to an emergency situation.^[4]