This is not a substitute for legal advice. An attorney must be consulted. "This work is protected under the copyright laws of the United States. No reproduction, use, or disclosure of this work shall be permitted without the prior express written authorization of the copyright owner. Copyright © 1994 - 2014 by LAWCHEK, LTD." |
What
are Bylaws of a Corporation? |
The
ByLaws of a corporation are the rules and regulations of the corporation which set out the rights of the shareholders and the benefits of
stock ownership. A set of ByLaws should be in place in order for
each of the shareholders to understand their rights, as well as the
rights of the various board members and officers.
It is recommended that the ByLaws be active at the time of the
Organizational Meeting. |
Copyright © 1994 - 2014 by LAWCHEK, LTD.
This is not a substitute for legal advice. An attorney must be consulted.
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