Bylaws refer to the regulations and rules established by a company or other organization for internal management. Bylaws are most often used in companies to determine the rights and obligations of employees and organizations in a corporate body, and to regulate various matters such as holding meetings, causes of dissolution, etc. Bylaws provide a framework for the operation and management of an organization.
Bylaw can also refer to a local regulation of a municipality. It is also referred to as the by-law.
[Last reviewed in July of 2022 by the Wex Definitions Team]
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