• Annual Meetings – At least one meeting of the shareholders shall be held in each calendar year for the election of directors at a time provided in the bylaws.^[1]
• Corporate Bylaws – The shareholders entitled to vote shall have the power to adopt, amend, and repeal the bylaws of a business corporation.^[2]
• Issuance of Stock – The shares of a business corporation may be issued at a price determined by the board of directors.^[3]

Emergency bylaws can be adopted by the board of directors and repealed and changed by action of the shareholders for the purposes of maintaining business operations in the event of a catastrophe affecting the state or country.^[4]