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Corporate bylaws are essential rules for an organization, detailing its operational procedures and usually drafted by the board of directors. They are mandatory in 31 states. Key elements to include in bylaws are the organization's name, board of directors, stock certificates, voting rights, committees, and quorum definition (the minimum members required for a meeting, typically a majority). The creation of bylaws begins with the original incorporators who select the organization's leaders. The video tutorial further discusses the types of organizations and how to obtain an official fillable template for corporate bylaws.
