Updated April 16, 2023
Louisiana corporate bylaws relay the internal rules and methods of operation of a corporation and are contained in a legally binding document that is executed by the board of directors. The document will generally provide a description of the corporation’s day-to-day business affairs, as well as the titles and duties of its various officers, directors, and committees. The schedule and management of stockholder and board meetings, the production and availability of corporate records, and the issuance of shares should also be addressed in the bylaws. By creating corporate bylaws, the directors can ensure that clear operational guidelines and business objectives are established and codified.
Laws
- Annual Meetings – RS 12:1-701
- Corporate Bylaws – RS 12:1-206
- Issuance of Stock – RS 12:1-621
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. (RS 12:1-207)