Updated April 25, 2023
Pennsylvania corporate bylaws are a written document containing provisions that govern the structure, organization, and statement of purpose of a company. This document is created by the incorporator/owner or board of directors at the time of the company’s founding. The bylaws define what the company does, how the board of directors operates, how directors and officers are terminated and elected, how the stock will be issued, and where and when the annual meeting of shareholders will take place. Anytime the bylaws are to be amended, it must be approved by the board of directors.
Emergency Bylaws
Emergency bylaws can be adopted by the board of directors, and repealed and changed by action of the shareholders, for the purposes of maintaining business operations in the event of a catastrophe affecting the state or country. (§ 1509)