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Corporate bylaws are essential rules that govern an organization's operations, typically drafted and signed by the board of directors identified in the articles of incorporation. Required in 31 states, bylaws should include the organization's name, board members, stock certificates, voting rights, committees, and the definition of a quorum, which is the minimum number of participants necessary for meetings—usually a majority. To create bylaws, the original incorporators should convene to choose the organization's leaders, typically requiring a majority vote. This video also covers the types of organizations and how to obtain an official fillable template for drafting bylaws.
