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Articles of incorporation are the primary law of an association used to establish the general organization and governing of the association to achieve corporate existence. Bylaws are the secondary law of an association best used to detail how the society is formed and run.
The Pennsylvania Business Corporation Law at 15 P.S. § 1979 provides that the dissolution of a business corporation does not eliminate or impair any claim existing against the corporation, its officers, directors, or shareholders if an action or proceeding on that claim is brought within two years after the date of ...
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS.
Bylaws. A. The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation. § 13.1-624. Bylaws - Virginia Law virginia.gov ? vacode ? chapter9 ? section13 virginia.gov ? vacode ? chapter9 ? section13
The bylaws are the regulations of a corporation. They contain the basic rules for the conduct of the corporation's business and affairs. Corporate Bylaws: Definition, Requirements | Wolters Kluwer wolterskluwer.com ? expert-insights ? bylaws wolterskluwer.com ? expert-insights ? bylaws
Does Pennsylvania require corporate bylaws? Pennsylvania's statute's don't explicitly state that you need corporate bylaws. However, Pennsylvania Consolidated Statute § 1310 implies the necessity of bylaws by stating that an organizing meeting ?shall be held? for the purpose of adopting bylaws.? Pennsylvania Corporate Bylaws - Northwest Registered Agent northwestregisteredagent.com ? corporation northwestregisteredagent.com ? corporation
--Unless otherwise provided in the bylaws, a majority of the directors in office of a business corporation shall be necessary to constitute a quorum for the transaction of business, and the acts of a majority of the directors present and voting at a meeting at which a quorum is present shall be the acts of the board of ...