Organizational Meeting & Bylaws

Question 1

What is the purpose of an Organizational Meeting?

Answer 1

1. Adopt bylaws
2. Elect officers
3. Transacting other business that comes before the board

*5 days notice by mail to each director is required

Question 2

What are bylaws?

Answer 2

Internal rules and regulations enacted by the corp to govern its actions and relation to shareholders, directors, officers

Cannot conflict with statutes, articles of incorp, or constitution