Laws
- Annual Meetings – A corporation shall hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws.[1]
- Corporate Bylaws – The incorporators, board of directors, or shareholders of a corporation may adopt initial bylaws containing provisions managing the business and regulating its affairs.[2]
- Issuance of Stock – The board of directors may issue shares for cash, promissory notes, services performed, contracts for services to be performed, other securities of the corporation, and more.[3]
Emergency Bylaws
In the event of a catastrophic incident that prevents the board from assembling, emergency bylaws may be put into effect to maintain organization in the corporation.[4]