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Bylaws required? No, Louisiana corporations are not legally obligated to implement bylaws. Nevertheless, bylaws are an invaluable legal instrument that all corporations should draft when starting out.
Louisiana corporate bylaws are drafted by the board of directors to establish their corporation’s operating structure and organize its internal affairs. Bylaws relay the members of the board, as well as procedures for electing directors, filling vacant board positions, and scheduling meetings (including notice requirements).
Louisiana corporate bylaws are drafted by the board of directors to establish their corporation’s operating structure and organize its internal affairs. Bylaws relay the members of the board, as well as procedures for electing directors, filling vacant board positions, and scheduling meetings (including notice requirements).