The legal document of a corporation that specifies such rules of operation as the election of directors, duties of officers and directors, voting procedures, and dissolution procedures is called
A) Bylaws
B) Articles of incorporation
C) Resolution to borrow
D) None of the above

Question

Quizplus · Accepted Answer

Bylaws are the internal rules that govern the operation of a corporation, including procedures for electing directors, duties of officers, voting procedures, and how the corporation can be dissolved.

The Legal Document of a Corporation That Specifies Such Rules