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Corporate bylaws are essential rules that outline the operation of an organization or corporation, typically drafted and signed by the board of directors specified in the articles of incorporation. Required in 31 states, bylaws should include the organization's name, board members, stock certificates, voting rights, committee structures, and a quorum determination, which is the minimum number of members needed to conduct a meeting, often a majority. To create bylaws, assemble the original incorporators to elect organizational leaders, as most states require a majority of two-thirds for this process. The video also discusses types of organizations and where to find an official fillable template for corporate bylaws.
