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Bylaws: Glossary Definition

Definition of Bylaws:

Bylaws are the rules and regulations adopted by a corporation for its internal governance. Bylaws typically include provisions relating to stockholders; the frequency, date and time, location and requirements for calling stockholder meetings; the election, resignation and removal of members of the Board of Directors; and frequency, date and time, location, and requirements for calling Board of Directors meetings; the appointment of officers; the issuance of capital stock; and other general corporate matters.

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Today’s Question — Saturday, March 20

Must stockholders of my corporation be issued stock certificates?

It depends. The bylaws of the corporation and applicable law should be reviewed to determine if stock my be “certificated” or if it can be “uncertificated.”

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