Updated April 25, 2023
Mississippi corporate bylaws are policies that a board of directors or incorporators create to regulate the day-to-day operations and management structure of a corporation. A comprehensive set of bylaws should specify the duties of the managing members along with the election procedures employed when a position becomes vacant. In addition, the bylaws may address the voting rights of shareholders, policies for calling meetings, conflict resolution, and plans for dissolution. The board of directors can update the bylaws through amendments or adopt new provisions so long as the changes are consistent with both Mississippi law and the articles of incorporation.
Laws
- Annual Meetings – § 79-4-7.01
- Corporate Bylaws – § 79-4-2.06
- Issuance of Stock – § 79-4-6.21
Emergency Bylaws
The board of directors may implement unique bylaws to manage the corporation during an emergency. After the crisis has ended, the emergency bylaws will cease to be effective (§ 79-4-2.07).