Laws
- Annual Meetings – Meetings of shareholders may be held at any place, either within or without this state, that may be stated in or fixed in accordance with the bylaws.[1]
- Corporate Bylaws – The initial bylaws of a corporation must be adopted by its incorporators or by its board of directors at its organization meeting.[2]
- Issuance of Stock – Every corporation can create and issue the number of shares stated in its articles of incorporation or any amendment.[3]
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.[4]