Florida corporate bylaws must be determined by an entity’s incorporators, board of directors, officers, or shareholders and then solidified on paper. This is mandatory under Florida state law and will benefit the corporation by laying down a structure to guide the board in its actions.
Corporate bylaws in Florida can be determined and adopted for a corporation by shareholders only if the articles of incorporation used to form the entity specifically names them with this right. This document will need to represent the corporation’s governing body and officers, the structure of the corporation, the types of stocks available, dividends, its operating procedures, and many characteristics used to define an entity fully.
Is it REQUIRED in Florida?
Yes. Florida demands that bylaws be passed and maintained in a Florida corporation as per Florida Statute § 607.0206.
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