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Corporate bylaws are essential rules that outline an organization's operations, typically drafted and signed by the board of directors mentioned in the articles of incorporation. Required in 31 states, they must include the organization's name, board directors' names, stock certificates, voting rights, committee details, and quorum determination (the minimum number of members needed for a meeting). To create bylaws, gather the original incorporating individuals to select the organization's leaders, often requiring a majority of two-thirds. The video tutorial also discusses the types of organizations and how to obtain a fillable template for official bylaws.