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Corporate bylaws are legally required in New York. Under NY Bus Corp L 601, corporate bylaws shall be adopted by a companys incorporators. That means that in New York, youll need to adopt bylaws to comply with the law.
They contain the basic rules for the conduct of the corporations business and affairs. The bylaws may contain any provision for managing the business and regulating the corporations affairs that is not inconsistent with statutory law or the corporations Articles of Incorporation.
Start Your Corporate Bylaws StateBylaws Required? California No Colorado No Connecticut Yes Delaware Yes47 more rows
Most state laws require that corporations establish company bylaws. Bylaws ensure consistent and agreed-upon voting and decision-making procedures and are particularly important should an officer or director leave the company.
New York Business Corporation Law (BCL) 623 establishes a procedure for minority shareholders to dissent from certain corporate transactions and obtain a fair value buy-out of their interest in the company.

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404. Approvals, notices and consents. (a) Every certificate of incorporation which includes among its purposes the formation of a trade or business association shall have endorsed thereon or annexed thereto the consent of the attorney-general.
How do I write Corporate Bylaws? Step 1: Select your corporation type. Step 2: Describe your incorporation status. Step 3: State your location. Step 4: Provide your corporations registered name. Step 5: Outline shareholder meeting rules. Step 6: Create rules for board meetings.

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