Tennessee corporate bylaws are drafted by the board of directors or incorporators to set forth the internal rules and procedures of a corporation. The bylaws will usually establish how the board of directors will be elected and operate, how and when shareholder meetings will be held, and the extent to which directors and corporate officers will be indemnified against liabilities. Once completed, the document should be filed internally at the corporation’s executive office; it does not need to be filed with the Secretary of State.
Bylaws required? Yes (§ 48-12-106(a)).
- Bylaws: § 48-12-106
- Indemnification:§ 48-18-501 – 48-18-509
- Notice of meetings:
- Quorums: § 48-18-205
- Stock issuance & certificates: § 48-16-202