Vermont corporate bylaws are the rules and procedures that a newly formed corporation adopts to govern its internal affairs. The bylaws will usually relay terms including how and when meetings will occur, the nomination and appointment of directors and officers, how shares will be issued, and how corporate decisions will be made. Corporations in Vermont are legally required to complete and adopt bylaws. There are no mandatory provisions that must be included in the bylaws, but they must be consistent with the law and the corporation’s Articles of Incorporation.
Bylaws required? Yes (11V.S.A. § 2.06(a)).
- Bylaws: 11 V.S.A. § 2.06
- Indemnification: 11 V.S.A. § 8.50-§8.56
- Notice of meetings:
- Stock issuance & certificates: 11V.S.A. § 6.21, § 6.25