Montana corporate bylaws is executed as a result of a corporation’s first board meeting. The directors and/or officers passing the bylaws will solidify their identities, the quorum rules, and the assignments of voting power during meetings.
Additionally, the financial details of the corporation should be established with the policies that will be used for its operations on a day-to-day basis. It is often recommended to include as many details as possible needed to define the operating requirements and procedures of the concerned Montana corporation.
Is it REQUIRED in Montana?
Yes. The State of Montana obligates corporations to adhere to MT Code § 35-14-206 by having their bylaws in place by the first board meeting’s conclusion.