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What are bylaws in simple terms?

The bylaws are the regulations of a corporation. They contain the basic rules for the conduct of the corporations business and affairs.

How do you amend bylaws in Washington state?

The members, at any meeting called for the purpose, may amend the bylaws of the association on a majority vote of the members present, in person or by proxy, or the directors at any regular or special meeting called under the provisions of RCW 33.16.

What is the purpose of the bylaws?

The purpose of bylaws for corporations is to establish the companys management structure, procedures, and dispute resolution processes. This legally binding document serves as an operating manual for the corporation and is developed by its board of directors.

How do you amend articles of incorporation and bylaws?

As can be gleaned from the foregoing, there are three (3) basic requirements for amending the Articles of Incorporation, namely: Majority vote of the board of directors. Written assent of the stockholders representing at least 2/3 of the outstanding capital stock. Approval by the Securities and Exchange Commission.

When should I change my bylaws?

Amending the bylaws usually takes place at the Annual General Meeting of a cooperative. Members and the board of directors can bring forward resolutions to amend the bylaws which are then voted on.

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