This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Bylaws With Secretary Of State In Maryland
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Corporate bylaws are legally required in Maryland.
A corporation must have at least three officers (President, Secretary, and Treasurer), at least one Director, and is owned by shareholders, which may be individuals or other business entities.
The Delaware corporate code covers most of the topics normally addressed in the Bylaws. Therefore, if the Certificate of Incorporation sets forth the authorized number of directors there is no legal requirement that a corporation have bylaws.
Maryland requires at least three officers who are not related to each other (President, Secretary, and Treasurer) and a minimum of five members of the board of directors. In the state of Maryland, the board must include at least three directors who are unrelated to each other.
In order to amend the bylaws, a member must make a motion and present the amendment during a regularly scheduled meeting of the Board. The motion to amend the bylaws must be approved by a supermajority vote of the full Board at the next regularly scheduled meeting of the Board.
Corporate bylaws are a company's foundational governing document. They lay out how things should run day-to-day and the processes for making important decisions. They serve as a legal contract between the corporation and its shareholders, directors, and officers and set the protocol for how the organization operates.
The Secretary of State attests to the Governor's signature on all public documents and oversees all executive orders, commissions, and appointments. The Attorney General serves as legal counsel to the Governor, the Legislature, and all State departments, boards, and most commissions.
Look up the charity's name on Maryland's Charity Database to ensure that they are registered and in compliance with any applicable reporting requirements. Check with groups like: BBB Wise Giving Alliance, Charity Navigator, CharityWatch, and GuideStar.