Required in Texas?
Yes.[1]
Laws
- Annual Meetings – An annual meeting of the shareholders of a corporation shall be held at a time that is stated in or set in accordance with the corporation’s bylaws.[2]
- Corporate Bylaws – The board of directors of a corporation shall adopt initial bylaws, which may contain provisions for the regulation and management of the affairs of the corporation that are consistent with law and the certificate of formation.[3]
- Issuance of Stock – A corporation may issue shares if authorized by the board of directors. Shares may be issued for the consideration stated in or determined by the authorization of the board of directors.[4]