South Dakota corporate bylaws are the rules and procedures adopted by a corporation that dictate how it will operate and be governed. Although South Dakota law requires corporations to adopt bylaws, it does not mention what to include or exclude, with the only requirement being that the bylaws cannot contradict state law or the Articles of Incorporation.
South Dakota corporate bylaws are the rules and procedures adopted by a corporation that dictate how it will operate and be governed. Although South Dakota law requires corporations to adopt bylaws, it does not mention what to include or exclude, with the only requirement being that the bylaws cannot contradict state law or the Articles of Incorporation.
The document will usually relay the rights and responsibilities of directors and officers, the scheduling and requirements for meetings, the issuance of stocks, and how the corporation may be dissolved. Unlike the Articles of Incorporation, the bylaws are not filed with the state.
Bylaws required? Yes (§ 47-1A-206)
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