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Bylaws Amendment means the adoption of the amended and restated bylaws of the Company, substantially in the form set forth as Exhibit H. Bylaws Amendment means the First Amendment to the Bylaws effective as of the Closing.
Bylaws generally define things like the group's official name, purpose, requirements for membership, officers' titles and responsibilities, how offices are to be assigned, how meetings should be conducted, and how often meetings will be held.
Bylaws cover a range of topics, including finances, voting, appointing officers and directors, and much more. While you won't need to file your corporate bylaws with the Secretary of State?unlike the Texas Certificate of Formation?every Texas corporation is required to have bylaws.
Yes. Directors, officers, and shareholders have a legal responsibility to abide by corporate bylaws. Infringing on your bylaws could lead to your corporation losing its limited liability status.
Corporate bylaws are legally required in Alabama.
How to Start a corporation in Alabama Choose a name for your business. ... Designate a Registered Agent. ... File Your Articles of Incorporation in Alabama. ... Create your Corporate Bylaws. ... Appoint your Corporate Directors. ... Hold the First Meeting of the Board of Directors. ... Authorize the issuance of shares of stock.