Missouri corporate bylaws are a set of provisions used to govern the activities and structure of a newly formed corporation. They are set in place by the board of directors and can be altered, amended, repealed, or added to by the directors or shareholders of the corporation (provided they are authorized in the bylaws document). The bylaws define terms such as stock issuance, annual meetings, and corporate actions, while also relaying the duties and powers of the board members, officers, and shareholders.
Bylaws can be adapted to the corporation’s needs so long as they are consistent with Missouri state laws and the Articles of Incorporation.
Bylaws required? No. Although Missouri is not one of the thirty-one (31) states required to set in place bylaws upon a corporation’s formation, it is a standard and highly advised procedure.