• Annual Meetings – A corporation must hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws.^[2]
• Corporate Bylaws – The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation. It may contain any provision for managing the business and regulating the affairs of the corporation consistently with the law and the articles of incorporation.^[3]
• Issuance of Stock – The board of directors may authorize shares to be issued for consideration consisting of any tangible or intangible property or benefit to the corporation.^[4]

Bylaws may be adopted in an emergency to continue managing the corporation efficiently during a catastrophic event.^[5]