Updated April 25, 2023
Montana corporate bylaws are rules that regulate a corporation’s internal operations and corporate structure. Corporate bylaws help coordinate the business by defining the responsibilities of officers, the procedures for electing and removing directors, the voting rights of shareholders, and how stock is distributed. The initial bylaws will be created by the incorporators or the board of directors when the corporation is formed or shortly thereafter. If a bylaw needs to be amended or repealed, it must be done so in accordance with Montana law and the articles of incorporation.
Laws
- Annual Meetings – § 35-14-701
- Corporate Bylaws – § 35-14-206
- Issuance of Stock – § 35-14-621
Emergency Bylaws
The corporation may adopt a set of emergency bylaws to manage the business during a catastrophic event. These bylaws will become operative in an emergency where a majority of the board of directors are unable to congregate (§ 35-14-207).