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Michigan Corporate Bylaws Template

Michigan corporate bylaws are provisions that determine the operating procedures of a corporation and govern the rights and responsibilities of its members. Corporate bylaws outline how the directors and officers are appointed, meeting schedules, policies regarding profit distribution, and more.
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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]