Mississippi corporate bylaws are the provisions used to regulate a newly established corporation. The bylaws are set in place by the incorporators (the company founders) or board of directors to identify matters such as how meetings will take place, the procedure for corporate action, and indemnification of directors/officers. In addition, the bylaws will relay the powers and responsibilities of the company’s officers (Chairperson, President, Treasurer, and Secretary) and the course of action for the succession of their roles.
Once the corporate bylaws have been implemented, the corporation can hold the written record in their company filings; it does not need to be filed with the Secretary of State.
Bylaws required? Yes (§ 79-4-2.06(a)).
Chapter: Title 79