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Corporate bylaws are essential rules that outline how an organization or corporation operates, typically drafted and signed by the board of directors. Required in 31 states, these bylaws must include the organization's name, names of directors, stock certificates, voting rights, committees, and quorum determination, which is the minimum number of members required for a board meeting. To create bylaws, it's important to gather the original incorporators to select the organization's leaders. Most states require a majority of two members to establish the bylaws. The video will also discuss different types of organizations and provide guidance on obtaining an official fillable template.