The incorporators, board of directors or shareholders of a corporation may adopt initial bylaws for the corporation.
The bylaws of a corporation may contain any provision for managing the business and regulating the affairs of the corporation that is not inconsistent with its articles of incorporation or with the laws of this state.
History: 1989 a. 303
Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations