Updated April 25, 2023
Washington corporate bylaws are detailed articles that govern the internal operations of a corporation and avoid any potential internal and legal issues. Created by the incorporator or board of directors, a bylaws template focuses on the structure of management and the rights and responsibilities of shareholders. Furthermore, the bylaws allow the corporation to address the regulations for buying and selling shares of stock, the creation and duties of special committees of the board, proposed amendments for the bylaws, and the dissolution of the corporation. It is required by Washington State Legislature for publicly traded corporations to establish corporate bylaws in Washington.
Laws
- Annual Meetings – § 23B.07.010
- Corporate Bylaws – § 23B.02.060
- Issuance of Stock – § 23B.06.210
Emergency Bylaws
Emergency bylaws may be adopted to uphold management of a corporation should the board of directors be unable to meet due to a catastrophic event. (§ 23B.02.070)