Make Legal Delaware By-Laws Forms For Free

For a corporation organized under the laws of a US state such as Delaware, the certificate of incorporation establishes the corporate entity, and corporate bylaws exist to provide more detail about the manner in which the business is governed and run on a day-to-day basis.

Overview of Delaware corporation bylaws The Delaware General Corporation Law (DGCL) requires that all corporations have bylaws in place, which should be planned for and drawn up as part of the incorporation process.

(a) The original or other bylaws of a corporation may be adopted, amended or repealed by the incorporators, by the initial directors of a corporation other than a nonstock corporation or initial members of the governing body of a nonstock corporation if they were named in the certificate of incorporation, or, before a ...

Overview of Delaware corporation bylaws The Delaware General Corporation Law (DGCL) requires that all corporations have bylaws in place, which should be planned for and drawn up as part of the incorporation process.

Section 145 of the Delaware General Corporation Law (DGCL) allows corporations to protect present and former directors and officers from expenses incurred in connection with proceedings arising from actions taken in service to the company or at the company's direction.

Unlike the requirements of a corporation, the LLC's operating agreement does not require bylaws, minutes, officers, directors, and meetings. There is also flexibility in management, so managers can participate fully without their liability being affected.