• Annual Meetings – Corporations must hold an annual meeting for shareholders in accordance with the bylaws in order to elect the board of directors.^[2]
• Corporate Bylaws – The directors or incorporators must adopt the initial set of bylaws. They must be in accordance with the articles of incorporation and state law.^[3]
• Issuance of Stock – The directors have the authority to issue shares for cash, promissory notes, services performed, contracts for services to be performed, or other securities of the corporation.^[4]

A corporation may implement emergency bylaws to be applied to situations wherein a majority of the directors cannot assemble. Emergency bylaws become void once the emergency ends.^[5]