Updated April 25, 2023
Utah corporate bylaws define a corporation’s purpose, the powers and duties of its directors and shareholders, and any other rules and regulations that will help govern internal activities. Bylaws are created by the incorporator or board of directors after they have filed their articles of incorporation. While a bylaws template is not required by state law, most corporations see bylaws as an indispensable document that will maintain structure and productivity. The bylaws also define the functionality and duties of special committees, the transfer of shares, maintenance of records, and the declaration and payment of dividends.
Laws
- Annual Meetings – § 16-10a-701
- Corporate Bylaws – § 16-10a-206
- Issuance of Stock – § 16-10a-621
Emergency Bylaws
An emergency bylaws provision may be created in the bylaws for managing the corporation in the event of an emergency. (§ 16-10a-206(2))