Updated May 31, 2022
Rhode Island corporate bylaws are regulations put into place after a company’s incorporation to establish the framework of internal affairs. Created by the incorporator or board of directors, the bylaws outline the purpose of the company, how its directors, officers, and shareholders can operate, the creation and purpose of committees, stocks and shares, and the arrangement of meetings. Unlike the articles of incorporation, corporate bylaws do not need to be registered with the secretary of state, they are implemented for the efficiency of the company’s day-to-day operations.
Laws
- Annual Meetings – § 7-1.2-701
- Corporate Bylaws – § 7-1.2-203
- Issuance of Stock – § 7-1.2-602 and § 7-1.2-604
Emergency Bylaws
Emergency bylaws may be approved by the board of directors of a corporation to be adopted only in extreme emergency situations, such as a nuclear or atomic disaster or an attack on the country. (§ 7-1.2-203(b))