Maryland Bylaws of Business Corporation whereby Board may Delegate Day-to-Day Operation of Business of Corporation to Management Company or Other Person
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Description
Bylaws are rules and guidelines for the internal government and control of a corporation. They are generally adopted by the stockholders of the corporation, but the authority to enact, amend, and repeal bylaws may be delegated to the board of directors of the corporation, or such authority may be specifically given to the board by statute or in the articles or certificate of incorporation.
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