Texas corporate bylaws are drafted by the board of directors, incorporators, or shareholders of a corporation to determine the entity’s management and procedures. The completed document will govern the scheduling of meetings, the appointment of directors and officers, the rights of shareholders, the issuance of shares, and the terms by which the bylaws may be amended.
Unlike the Articles of Incorporation that are used to register the business, the corporate bylaws are not filed with the Secretary of State even though they are legally required. Once completed, the bylaws should be stored along with a copy of the Articles of Incorporation at the corporation’s principal office.
Bylaws required? Yes (§ 21.057(a)).