• Annual Meetings – Corporations must hold a meeting of shareholders annually for the election of directors at a time stated in or fixed in accordance with the bylaws.^[2]
• Corporate Bylaws – The incorporators or board of directors of a corporation must adopt initial bylaws for the corporation. Bylaws can contain any provision for managing the business and internal affairs in accordance with the law and articles of incorporation.^[3]
• Issuance of Stock – Any issuance of shares must be approved by the board of directors. Shares may be issued for consideration determined by the board of directors consisting of any tangible or intangible property or benefit to the corporation.^[4]

Emergency bylaws may be adopted to uphold the management of a corporation should the board of directors be unable to meet due to a catastrophic event.^[5]