• Annual Meetings – A corporation must hold an annual shareholders meeting at a time and place in accordance with the bylaws. Unless specified in the bylaws, it must be held at the corporation’s principal office.^[2]
• Corporate Bylaws – The directors or incorporators must adopt the initial set of bylaws prior to or at the same time when shares are issued.^[3]
• Issuance of Stock – The board may allow shares to be issued for consideration consisting of any tangible or intangible property or benefit to the corporation, including cash, promissory notes, services performed, contracts for services to be performed, or other securities of the corporation.^[4]

Unless the articles of incorporation do not allow it, the directors may create emergency bylaws that permit them to conduct business in the state of an emergency by allowing board meetings to take place with special quorum requirements and substitute directors. These bylaws are only active when a regular quorum cannot be assembled due to a catastrophic event.^[5]