Required in Michigan?
No.[1]
Laws
- Annual Meetings – An annual meeting of shareholders for the election of directors must be held at a time as provided in the bylaws.[2]
- Corporate Bylaws – At the first meeting after filing the articles of incorporation, the board of directors must adopt an initial set of bylaws.[3]
- Issuance of Stock – A corporation may issue the number of shares authorized in its articles of incorporation. The shares may be designated in one or more classes.[4]
Emergency Bylaws
A corporation may adopt bylaws that direct the management of the company and the rights and capabilities of its shareholders during an emergency scenario.[5]