Rhode Island corporate bylaws can be described as an operating manual for corporations that have filed their articles of incorporation. A board of directors or the officers of a Rhode Island corporation are generally advised to execute their first set of bylaws during their initial board meeting to establish the board’s roster and voting procedures.
A set of corporate bylaws can easily be used to define a Rhode Island corporation in a far more detailed manner than that of its articles of incorporation. This is often considered beneficial since it allows the procedures that a corporation engages to conduct business to be determined by its board of directors rather than the default laws of the state.
Is it REQUIRED in Rhode Island?
No. Rhode Island corporations do not have a legal obligation to pass and follow a set of bylaws. However, if a Rhode Island corporation votes in a set of corporate bylaws, it must operate according to them.
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