48-52-106 - Bylaws.

48-52-106. Bylaws.

(a)  The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation.

(b)  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 law or the charter.

[Acts 1987, ch. 242, § 2.06.]