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Requirement for and Functions of Board of Directors. Except as provided in Article 9 of this chapter or in a written agreement meeting the requirements of Code Section 14-2-732, each corporation must have a board of directors.
There is no legal requirement for your nonprofit bylaws to be signed in Illinois. That being said, it is standard practice for your board of directors to sign your bylaws. This makes your bylaws look more official and sends the message that your board members are all on the same page about how to run your nonprofit.
A parent corporation that owns at least 90 percent of the outstanding shares of each class and series of a subsidiary corporation may merge the subsidiary into itself or into another such subsidiary or merge itself into the subsidiary without the approval of the board of directors or shareholders of the subsidiary.
The board of directors shall elect or appoint a president, a secretary, and a treasurer. Other officers may be elected or appointed either by the board or as may be provided in the articles of incorporation or bylaws. Any two or more offices may be held by the same person, except the offices of president and secretary.
Corporate Georgia Bylaws for your business (also written as by-laws) dictate the set rules of a corporation. Bylaws are established by the incorporator or the board of directors during the initial process of incorporation. Bylaws direct those in authority in their duties to overlook the corporation.
It's possible for a board of directors to adopt bylaws without getting any signatures, but it's a good practice to have all directors and officers sign your bylaws to demonstrate a shared commitment to upholding company policies.