Nebraska corporate bylaws are used to establish a new corporation’s inner framework and operating rules. After the entity’s articles of organization have been accepted and registered by the Secretary of State, the board of directors or incorporators are required to set forth an initial set of bylaws to relay such matters as shareholder and director meetings, corporate actions, nomination of directors, and indemnification.
As the company develops, the corporate bylaws can be amended to meet its emerging needs; therefore, the document also must define the voting requirements for amendments.
Bylaws required? Yes (§ 21-224 (a)).
Chapter: Chapter 21