• Annual Meetings – Unless directors are elected by written consent as permitted by law, a corporation shall hold a meeting of shareholders annually at a time and place in accordance with the bylaws.^[2]
• Corporate Bylaws – The initial bylaws of the corporation must be adopted by the incorporators or the board of directors. It may contain any provision for managing the business and regulating the affairs of the corporation in accordance with the law and the articles of incorporation.^[3]
• Issuance of Stock – Shares can be issued by the board of directors for any tangible or intangible property or benefit to the corporation, such as cash, promissory notes, services performed, contracts for services to be performed, or other securities of the corporation.^[4]

Emergency bylaws exist for the purpose of managing the corporation in the event of an emergency, including:^[5]

• Procedures for calling a meeting of the board of directors;
• Quorum requirements for the meeting; and
• Designation of additional or substitute directors.