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Maryland Corporate Bylaws Template

Maryland corporate bylaws organize the internal affairs of a corporation by defining the business's management structure and daily operational procedures. Corporate bylaws are adopted at the first organizational meeting between the board of directors after the formation of the corporation.
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Updated June 10, 2024

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Laws

  • Annual Meetings – Each corporation must hold an annual meeting of its stockholders to elect directors and transact any other business within its powers.[2]
  • Corporate Bylaws – After the the articles of incorporation have been accepted, the directors must hold an organization meeting to adopt bylaws.[3]
  • Issuance of Stock – Each corporation may issue stocks of any class as authorized by the charter. The board of directors may determine the rights, options, or warrants under the stockholder rights program.[4]

Sources

  1. § 2-109(a)(1)
  2. § 2-501
  3. § 2-109
  4. § 2-201