The Massachusetts corporate bylaws are the regulations set in place by the founders of a corporation to govern its internal operations and structure. The document includes such articles as the powers and duties of the company members and shareholders, the procedures for meetings, dissolution, and whether or not the corporation authorizes the indemnification of their directors/officers. The executed document can be filed at the corporation’s registered office and is not required to be submitted to the Secretary of State.
Bylaws required? Yes (§ 2.06)