Washington corporate bylaws are used to establish the internal rules and regulations of a new corporation. The document is drafted by the incorporators or board when the entity is founded. Corporate bylaws will determine the entity’s procedures, including the appointment and termination of officers and directors, shareholder and board of directors meetings, and the issuance of shares.
In Washington, corporations are legally required to adopt bylaws, and the bylaws must be consistent with the law and the entity’s Articles of Incorporation.
Bylaws required? Yes (§ 23B.02.060(1)).
- Bylaws: § 23B.02.060
- Indemnification: § 23B.08.500, § 23B.08.510, § 23B.08.520
- Notice of meetings:
- Stock issuance & certificates: § 23B.06.210, § 23B.06.250