Alabama corporate bylaws are the written provisions of a corporation’s rules and regulations that apply to the operations of the entity and the management of its directors, officers, and shareholders. It’s completed by the incorporators or a board member and must be unanimously agreed upon by the board of directors.
The bylaws cover information such as directors meetings, shareholders meetings and voting, issuance of shares, electing of officers, and the rights and responsibilities of all previously-mentioned parties. Corporate bylaws are required by law in the state of Alabama; however, the document does not need to be filed with the Secretary of State like the articles of incorporation.
Chapter: Title 10A, Chapter 2A
- Bylaws: § 10A-2A-2.05
- Indemnification: Article 8, Division E
- Notice of meetings:
- Stock issuance & certificates: § 10A-2A-6.21 and § 10A-2A-6.25