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The California Corporations Code does not explicitly state that corporations must have corporate bylaws. However, the necessity of bylaws is implied in several places, including CA Corp Code § 213, which requires corporations to keep a copy of their bylaws on file at their principal executive office.
Yes. Directors, officers, and shareholders have a legal responsibility to abide by corporate bylaws. Infringing on your bylaws could lead to your corporation losing its limited liability status.
Do bylaws need to be signed? Technically, it's possible for a board of directors to adopt bylaws without signing them. However, signing your bylaws demonstrates that everyone is on the same page about how your corporation will function.
No. The Georgia Secretary of State does not require nonprofit bylaws be signed. It is a step we recommend to keep all members and directors on the same page.
What are corporate bylaws? The bylaws are the regulations of a corporation. They contain the basic rules for the conduct of the corporation's business and affairs.