Laws
- Annual Meetings – An annual meeting of shareholders for the election of directors shall be held on a date designated by the articles or in the bylaws. In the absence of such designation, it shall be held on the first Monday of the fourth month following the close of each fiscal year of the corporation.[1]
- Corporate Bylaws – Bylaws may be adopted, amended, or repealed by the directors within 90 days of formation, by shareholders in a designated meeting, or with written shareholder consent.[2]
- Issuance of Stock – The board of directors may determine the terms under which the corporation issues, disposes of, or receives subscriptions for, its shares, including treasury shares.[3]
Emergency Bylaws
Emergency bylaws, or “emergency regulations,” can be adopted by a corporation in the event of an emergency as defined by Ohio state law. These regulations only remain in effect during the emergency.[4]