Bylaws


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Bylaws

Rules and practices that govern management of an organization.

Bylaws

Rules established by a company or other organization setting forth details on how it is to be organized. Bylaws do not set forth the basic structure of the company; this is done in the organization's charter. For example, a charter may indicate that the company or organization must have a board of directors, while its bylaws state how many directors there are to be and how often they are elected. Bylaws are approved by shareholders (or the equivalent in other organizations) and may be amended by them.

bylaws

Stockholder-approved rules governing the conduct of a business. Bylaws typically include rules concerning the election of directors, selection of auditors, and amendment of existing bylaws.

Bylaws.

Bylaws are the self-imposed rules governing an incorporated company. The bylaws cover details such as the structure of the company, what the company's goals are, and how often shareholders meet.

They also explain the voting process and how officers, committees, and board members are chosen. A company can put almost any provisions in its bylaws, as long as the rules don't break federal or local law.

bylaws

Regulations by which an organization conducts its governance activities. They typically provide for the timing and method of elections and regular meetings,number of directors and other officers, methods and notice necessary for special elections or meetings, number of votes required for different types of actions, establishment of standing committees, and a grant of authority to organize other committees,powers of the board,officers,and various committees.The developer of a subdivision or condominium project typically creates the first set of bylaws and appoints the initial board of directors.
References in periodicals archive ?
Turning to the first limit on bylaws, there must be a legitimate threat, not to the directors' ability to control the company, but to corporate or shareholder welfare.
Where the federal government might have concerns about an Indian Act bylaw being paramount over a federal or provincial law, s 73(1) of the Indian Act gives the Governor in Council regulatory powers somewhat resembling the powers in s 81(1), in theory allowing the government to 'fix' at least some situations of conflict it finds unacceptable.
In an effort to control the phenomena of multi-forum litigation, in which plaintiffs bring the same suit in multiple jurisdictions simultaneously, corporations have been adopting, either by charter amendment or bylaw approval, exclusive forum and/ or fee-shifting provisions.
Darien De Lu is acting chair of the WILPF US ad hoc Bylaws Committee and a Nominating Committee member.
To proceed with the new constitution and bylaws and continuance under the legislation, we must make changes to the current constitution and bylaws at the September Annual General Meeting that clearly define the criteria for "members" of the association.
The Joint Commission does not say how APRNs-note that the term also includes the certified registered nurse anesthetist (CRNA) and certified nurse midwife (CNM)-should be categorized or placed in the bylaws. It would be much easier if The Joint Commission had made the APRN position more clear-cut.
The second and particularly contentious reason corporate lawyers like the idea of exclusive-forum bylaws: Corporate boards of directors can adopt them without shareholder approval.
Attorneys Rieger and Fisher, who specialize in healthcare legal issues and issues affecting nonprofit corporations, explain how hospitals can draft bylaws that will establish an appropriate legal and professional relationship with medical staff.
Based on the Board's feedback, the bylaws were given a good "read," not only for content, but for logical consistency, understandability, reflection of actual practice, language, procedure and redundancy.
General Manager Strategic Planning and Policy, Darrell Sargent, says a combination of historic changes to legislation and staff movements have led to the Council having an incomplete list of bylaws and their review dates.
Upon the creation of the Assembly last year, it used the data and bylaws of the Kumasi Metropolitan Assembly (KMA), which, she said, is no longer reliable and accurate.
ISLAMABAD -- The Capital Development Authority has formed a committee to review the existing building bylaws and planning parameters for Islamabad with an aim to articulate vision of 'vertical development' of Prime Minister Imran Khan.