Corporate bylaws:
A)establish the name of the corporation.
B)establish the rights granted to its shareholders.
C)set forth the purpose of the firm.
D)establish the rules by which the corporation regulates its existence.
E)set forth the number of members of the initial board of directors.

Question

Quizplus · Accepted Answer

Corporate bylaws establish the rules by which the corporation regulates its existence, including procedures for holding meetings, election of directors and officers, and other aspects of corporate governance. The other options may also be included in the bylaws, but establishing the rules is the primary purpose.

Corporate Bylaws