Idaho corporate bylaws are the rules and regulations that govern a corporation’s internal affairs. Bylaws are typically established by the incorporators before filing with the Business Registration Division but can also be created by the board of directors at the first organizational meeting. Note that Idaho is one of thirty-one (31) states that require corporations to adopt a set of bylaws.
In addition to being a state-required document, corporate bylaws are vital to the efficient operation of a business. The document discusses the rights and duties of corporate members (officers, directors, etc.), where and when meetings will be held, shareholder voting rights, and procedures for issuing shares of stock.