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They contain the basic rules for the conduct of the corporation's business and affairs. The bylaws may contain any provision for managing the business and regulating the corporation's affairs that is not inconsistent with statutory law or the corporation's Articles of Incorporation.
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.
Nonprofit bylaws are legally required in Missouri. In Missouri, nonprofit bylaws aren't just important?they are mandatory. ing to MO 355.116, ?incorporators or board of directors of a corporation shall adopt bylaws? before or during the first organizational meeting of the board of directors.
Unless otherwise provided in the articles or bylaws, a corporation shall have a chairman or president, or both a chairman and president, a secretary, a treasurer and such other officers as are appointed by the board.
Bylaws should provide specific authority of the board to adopt policies, identify provisions for adoption and the vote required for adoption or amendment. Policies reflect the tenets of the board on which current and future decisions are made.