- Article I – offices
- Article II – meetings of shareholders
- Article III – directors
- Article IV- officers
- Article V – indemnification of directors, officers, employees, and other...
- Article VI – general corporate matters
- Article VII – amendments
- certification of the adoption of the bylaws
Article I – offices
Section 1. Principal Executive or Business Offices. The board of directors will fix the location of the principal executive office of the corporation at any place within or outside the State of state.
Section 2. Other Offices. Branch or subordinate offices may be established at any time and at any place by the board of directors.
Article II – meetings of shareholders
Section 1. Place and Conduct of Meetings. Meetings of shareholders will be held at any place within or outside the State of state designated by the board of directors. Shareholders not physically present in person at a meeting of shareholders may participate in a meeting of shareholders by means of electronic transmission or similar means of communication.
Section 2. Annual Meeting. The annual meeting of shareholders will be held each year on a date and at a time designated by the board of directors. Such annual meeting must be held within six (6) months after the end of the corporation’s fiscal year every year. At each annual meeting, directors will be elected and any other proper business within the power of the shareholders may be transacted.
Section 3. Special Meeting. A special meeting of the shareholders may be called at any time by the board of directors, by the President, or by one or more shareholders holding shares that in the aggregate are entitled to cast number percent or more of the votes at that meeting. If a special meeting is called by anyone other than the board of directors, the person calling the meeting will make a request in writing to the corporation specifying the time and date of the meeting (which shall be within 30 to 60 days of the request) and the general nature of the business proposed to be transacted.
Section 4. Notice of Shareholders’ Meetings. All notices of meetings of shareholders will be sent or otherwise given at least 10 days before the date of the meeting. The notice will specify the place, date, and hour of the meeting, and (i) in the case of a special meeting, the general nature of the business to be transacted, or (ii) in the case of the annual meeting, those matters that the board of directors, at the time of giving the notice, intends to present for action by the shareholders. If directors are to be elected, the notice will include the names of all nominees whom the board intends, at the time of the notice, to present for election.
Section 5. Manner of Giving Notice; Affidavit of Notice. Notice of any shareholders’ meeting will be given either by first-class mail or email, addressed to the shareholder at the physical or electronic address appearing on the corporation’s books or given by the shareholder to the corporation for purposes of notice.
Section 6. Quorum. The presence of the holders of a majority of the shares entitled to vote at any meeting of the shareholders will constitute a quorum for the transaction of business.
Section 7. Voting. The shareholders’ vote may be by voice vote or by ballot.
Section 8. Waiver of Notice or Consent by Absent Shareholders. The transactions of any meeting of shareholders will be as valid as though they were had at a meeting duly held after regular call and notice, if a quorum is present, and if each person entitled to vote who was not present, either before or after the meeting, signs a written waiver of notice or a consent to holding the meeting or an approval of the minutes of the meeting.
Section 9. Shareholder Action by Written Consent Without a Meeting. Any action that could be taken at a meeting of shareholders may be taken without a meeting and without prior notice, if a consent in writing, setting forth the action so taken, is signed by the holders of outstanding shares having not less than the minimum number of shares required to pass such an action were a meeting otherwise called and all votes cast.
Section 10. Proxies. Every person entitled to vote for directors or on any other matter will have the right to do so either in person or by one or more agents authorized by a written proxy signed by the person and filed with the secretary of the corporation.
Article III – directors
Section 1. Powers. Subject to the provisions of the law (the “Code”) and any limitations in the articles of incorporation and these bylaws, the business and affairs of the corporation will be managed and all corporate powers will be exercised by or under the direction of the board of directors.
Such general powers shall include (but not be limited to):
(a) Select and remove all officers, agents, and employees of the corporation; assign and remove duties from them; and fix their compensation; and require from them security for faithful service.
(b) Change the principal executive office or the principal business office in the State of state from one location to another; and cause the corporation to be qualified to do business in any other jurisdiction.
(c) Authorize the issuance of shares of stock of the corporation on any lawful terms, in consideration of money paid, labor done, or other consideration.
(d) Borrow money and incur indebtedness on behalf of the corporation.
Section 2. Number of Directors. The authorized number of directors will be number until changed by a duly adopted amendment to the articles of incorporation or by amendment to this bylaw adopted by the vote or written consent of a majority of the outstanding shares entitled to vote.
Section 3. Election and Term of Office of Directors. Directors will be elected at each annual meeting of the shareholders to hold office until the next annual meeting. Any director may resign effective on giving written notice to the chair of the board, the president, the secretary, or the board of directors.
Section 4. Vacancies. A vacancy in the board of directors will be deemed to exist: if a director dies, resigns, or is removed by the shareholders; a court of appropriate jurisdiction enters a felony conviction against the director or declares the director of unsound mind; or if the authorized number of directors is increased.
Section 5. Place of Meetings; Meetings by Electronic Communications. Meetings of directors will be held at any place within or outside the State of state designated by the board of directors. Directors not physically present in person at a meeting of the board of directors may participate in a meeting of the board of directors by means of electronic transmission or similar means of communication.
Section 6. Annual Directors’ Meeting. Immediately after each annual shareholders’ meeting, the board of directors will hold a regular meeting at the same place, or at any other place that has been designated by the board of directors, to consider other business as desired.
Section 7. Special Meetings. Special meetings of the board of directors may be called for any purpose or purposes at any time by the chairman of the board, the president, any vice president, the secretary, or any two directors.
Section 8. Quorum. A majority of the authorized number of directors will constitute a quorum for the transaction of business.
Section 9. Waiver of Notice. Notice of a meeting, although otherwise required, need not be given to any director who signs a written waiver of notice or a consent to holding the meeting or an approval of the minutes of the meeting.
Section 10. Action Without a Meeting. Any action required or permitted to be taken by the board of directors may be taken without a meeting, if all members of the board of directors individually or collectively consent in writing to that action.
Article IV- officers
Section 1. Officers. The officers of the corporation will be a president, a secretary, and a treasurer. The corporation may also have, at the discretion of the board of directors, such other officers as may be appointed in accordance this Article. Any number of offices may be held by the same person.
Section 2. Appointment of Officers. The officers of the corporation will be appointed annually by the board of directors, and will serve at the pleasure of the board of directors.
Section 3. Removal and Resignation of Officers. Any officer chosen by the board of directors may be removed at any time, with or without cause or notice, by the board of directors. Any officer may resign at any time by giving written notice to the corporation.
Section 4. Vacancies in Offices. A vacancy in any office resulting from an officer’s death, resignation, removal, or disqualification, or from any other cause, will be filled in the manner prescribed in these bylaws for regular election or appointment to that office.
Section 5. President. The president will be the corporation’s general manager and chief executive officer and, subject to the control of the board of directors, will have general supervision, direction, and control over the corporation’s business and its officers. The managerial powers and duties of the president will include, but are not limited to, all the general powers and duties of management of the corporation.
Section 6. Vice Presidents. If desired, one or more vice presidents may be chosen by the board of directors and shall serve at the direction of the President. In the absence or disability of the president, the president’s duties and responsibilities will be carried out by the longest tenured available vice president.
Section 7. Secretary.
(a) Minutes. The secretary will keep minutes of all of the shareholders’ meetings and of all other board meetings.
(b) Record of Shareholders. The secretary will keep at the principal executive office a record of shareholders.
(c) Notice of Meetings. The secretary will give notice of all shareholders’ meetings and board meetings for which notice is required by statute or by the bylaws. If the secretary or other person authorized by the secretary to give notice fails to act, notice of any meeting may be given by any other officer of the corporation.
Section 8. Treasurer. The treasurer will keep adequate and correct books and records of accounts of the properties and business transactions of the corporation, including accounts of its assets, liabilities, receipts, disbursements, gains, losses, capital, retained earnings, and shares. The books of account will at all reasonable times be open to inspection by any director.
Article V – indemnification of directors, officers, employees, and other agents
The corporation will, to the maximum extent permitted by the Code, have power to indemnify each of its agents against amounts actually and reasonably incurred in connection with any proceeding arising by reason of the fact that any such person is or was an agent of the corporation, and will have power to advance to each such agent expenses incurred in defending any such proceeding to the maximum extent permitted by the Code. For purposes of this Article, an “agent” of the corporation includes any person who was a director, officer, employee, or other agent of the corporation, or was otherwise serving at the request of the corporation.
Article VI – general corporate matters
Section 1. Authorized Signatories for Checks. All checks or other evidences of indebtedness issued in the name of or payable to the corporation will be signed or endorsed by the person in the manner authorized from time to time by resolution of the board of directors.
Section 2. Executing Corporate Contracts and Instruments. Except as otherwise provided in the articles or in these bylaws, the board of directors by resolution may authorize any officer, officers, agent, or agents to enter into any contract or to execute any instrument in the name of and on behalf of the corporation.
Section 3. Certificates for Shares. A certificate for shares of the capital stock of the corporation will be issued to each shareholder when any of the shares are fully paid. All certificates will be signed in the name of the corporation by the president and either the treasurer or secretary.
Section 4. Lost Certificates. No new certificates for shares will be issued to replace old certificates unless the old certificate is surrendered to the corporation for cancellation at the same time. If share certificates or certificates for any other security have been lost, stolen, or destroyed, the board of directors may authorize the issuance of replacement certificates on terms and conditions as required by the board.
Article VII – amendments
Section 1. Amendment by Board of Directors or Shareholders. Unless prohibited by the Code or the Articles of Incorporation, these bylaws may be amended or repealed, and new bylaws may be adopted by the board of directors or by the holders of a majority of the outstanding shares entitled to vote.
certification of the adoption of the bylaws
The undersigned, Secretary of [Sender.Company], Inc., hereby certifies that the foregoing is a true and correct copy of the Bylaws of the Corporation adopted as of date by the Board of Directors of the Corporation.