47-1A-206. Bylaws.
47 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-206·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation. The bylaws of a corporation may contain any provision for managing the business and regulating the affairs of the corporation that is not inconsistent with law or the articles of incorporation.