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Corporate bylaws are essential rules governing an organization, typically drafted by the board of directors specified in the articles of incorporation. They are mandatory in 31 states. Key components of corporate bylaws should include the organization's name, board of directors, stock certificates, voting rights, committees, and quorum determination, which is the minimum member presence required for meetings. To create bylaws, gather the original incorporators to choose the organization's leaders, with a majority typically needed to proceed. This video tutorial also touches on various organization types and provides guidance on obtaining an official fillable template for implementing bylaws.