Laws
- Annual Meetings – An annual shareholders meeting must be held at a time and place in accordance with the bylaws.[1]
- Corporate Bylaws – The board of directors may adopt the company’s bylaws, including provisions governing the management of business and company affairs.[2]
- Issuance of Stock – The board of directors may authorize shares to be issued for 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.[3]
Emergency Bylaws
Corporations can prepare for emergencies by establishing special bylaws that provide rules for conducting business and managing board meetings in the event of a catastrophic event.[4]