Alabama corporate bylaws is a document required under state statutes to be created by the corporation’s owners (shareholders) to establish how the entity will function. Generally, the 1st version of the bylaws is signed by all the shareholders, with the chairman of the board signing each subsequent version.
The shareholders should be issued a certificate at the time of signing or other documentation that proves their ownership in the corporation.
Is it REQUIRED in Alabama?
Yes, corporate bylaws are required to be written amongst the shareholders of the corporation (§ 10A-2A-2.05(a)).