Required in South Carolina?
Yes.[1]
Laws
- Annual Meetings – A corporation shall hold a meeting of shareholders annually at a time and place stated in or fixed in accordance with the bylaws.[2]
- Corporate Bylaws – The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation.[3]
- Issuance of Stock – The board of directors may authorize shares to be issued for consideration consisting of any tangible or intangible property or benefit to the corporation.[4]
Emergency Bylaws
Emergency bylaws are bylaws that may be adopted by a corporation during an emergency of a catastrophic nature which will allow the corporation to maintain management effectively.[5]