BizTerm Definition
Short Definition
The rules and regulations of a corporation
Full Definition

The rules and regulations adopted by a corporation for its internal governance. It usually contains provisions relating to shareholders, directors, officers and general corporate business. At the corporation's intial meeting, the bylaws are adopted. Bylaws are a private document not filed with any state or federal authority. Bylaws are more flexible than the Articles of Incorporation because they are easier to amend (again since no filing is required).

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