Massachusetts corporate bylaws carry the power to govern an entity’s actions by definitively listing the policies and regulations it will adhere to. Typically, bylaws must pass a review and vote of a Massachusetts board of directors to be made effective and in turn, this document shall note the identity and power of each corporate officer and director as well as dictating how they will behave during board meetings.
The bylaws of a Massachusetts corporation are vital to any entity but more importantly, must be compliant with Commonwealth law, act as a current representation of the company using them, and be kept available for review by any government entity that requires a review
Is it REQUIRED in Massachusetts?
Yes. Corporations must comply with Part I, Title XXII, Chapter 156D, Section 2.06 of Commonwealth of Massachusetts General Law by determining then approving a formal set of bylaws to be put in place.