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In this video, attorney Chris Batan Lasko explains the concept of bylaws in a corporation. Bylaws are defined as the rules and regulations that govern the management and affairs of a corporation, including the behavior of stockholders and officers. It's important to distinguish between bylaws and articles of incorporation; the latter serves as the fundamental law of the corporation, while bylaws provide specific guidelines. The tutorial also covers how bylaws are adopted, the process for making changes or amendments to them, and emphasizes that these regulations play a crucial role in directing corporate governance.
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