Updated April 25, 2023
New York corporate bylaws are a set of rules that regulate the internal affairs and day-to-day operations of a corporation. The initial bylaws are established by the incorporators at the first organizational meeting and may be amended or revoked thereafter by a majority of the voting shareholders. In the bylaws, the incorporators shall address any matter concerning the business, including the rights and duties of the corporation and its shareholders, the election of officers or directors, the scheduling and location of shareholder meetings, and the distribution of dividends.
Required in New York? Yes (BSC § 601(a))
Laws
- Annual Meetings – BSC § 602(c)
- Corporate Bylaws – BSC § 601
- Issuance of Stock – BSC § 501