Corporate bylaws:
A) must be amended should a firm decide to increase the number of shares authorized.
B) cannot be amended once adopted.
C) define the name by which the firm will operate.
D) describe the intended life and purpose of the organization.
E) determine how a corporation regulates itself.

Question

Quizplus · Accepted Answer

Corporate bylaws determine how a corporation regulates itself, including procedures for electing directors, conducting meetings, and making important business decisions. They also often include provisions for amending the bylaws in the future. The other choices are not accurate descriptions of what corporate bylaws typically cover.

Corporate Bylaws