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bylaws. n. the written rules for conduct of a corporation, association, partnership or any organization. They should not be confused with the Articles of Corporation which only state the basic outline of the company, including stock structure.
Bylaws refer to the regulations and rules established by a company or other organization for internal management. Bylaws are most often used in companies to determine the rights and obligations of employees and organizations in a corporate body, and to regulate various matters such as holding meetings, causes of dissolution, etc. Bylaws provide ...
Jun 30, 2020 · What Are Bylaws? Definition & Examples of Bylaws. By Jean Murray. Updated on June 30, 2020. Photo: Maskot / Getty Images. The bylaws of a corporation are the governing rules by which the corporation operates, and the board of directors forms them. Learn more about how they work.
noun. a standing rule governing the regulation of a corporation's or society's internal affairs. a subsidiary law. British. an ordinance of a municipality or community. bylaw. / ˈbaɪˌlɔː / noun. a rule made by a local authority for the regulation of its affairs or management of the area it governs. a regulation of a company, society, etc.
Oct 30, 2023 · Bylaws are the legally binding rules that outline how the board of a nonprofit will operate. While they are unique to each organization, nonprofit bylaws generally have a similar structure and use. How Are Bylaws Used? Bylaws are a framework that guide the board’s actions and decisions.
US. a rule that governs the members of an organization: The new board of trustees rewrote the orchestra's bylaws. She fought to change the organization's by-laws, which allowed only men. Fewer examples. I believe the structure contravenes the city building height bylaw.
Your Bylaws establish procedures for holding elections, organizing meetings, quorum requirements, membership structure (if needed) and other essential operations of your nonprofit. Your Bylaws will serve as your organizational manual and will help guide you through the orderly operation of your corporation.
