35-9-303. Bylaws.
65 words·~1 min read·
/mt/title-35/chapter-9/part-3/35-9-303A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
35-9-303 . Bylaws.
(1)A statutory close corporation need not adopt bylaws if provisions required by law to be contained in bylaws are contained in either the articles of incorporation or a shareholder agreement authorized by 35-9-301 .
(2)If a corporation does not have bylaws when its statutory close corporation status terminates under 35-9-402 , the corporation shall immediately adopt bylaws under 35-14-206 .