Bylaws
Definition
The rules adopted by an organization to govern its internal operations and external dealings. Bylaws are most commonly associated with corporations.
Definition from Nolo’s Plain-English Law Dictionary
The rules that govern the internal affairs or actions of a corporation. Bylaws are adopted by the shareholders or the board of directors of a corporation. They generally include procedures for holding meetings and electing the board of directors and officers. The bylaws also set out the duties and powers of the corporation's board of directors and officers.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:12 pm
