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Corporate bylaws are essential rules for an organization, detailing its operational procedures. They are typically composed and signed by the board of directors named in the articles of incorporation and are mandatory in 31 states. Key elements to include in corporate bylaws are the organization's name, board of directors, stock certificates, voting rights, committees, and quorum determination. A quorum is the minimum number of members needed for a board meeting, often a majority. To create bylaws, original incorporators should convene to select the organization's leaders. This video also covers types of organizations and how to acquire an official fillable template for bylaws.
