Utah corporate bylaws are adopted to solidify the rules that must be observed for quorums, meetings, and committees. The Utah corporation would also be obligated to operate under the regulations set in its bylaws.
Bylaws should also provide specific definitions across a wide array of subjects including the entity’s status, the available stock, and the identity and authority of each officer. Considering the power its bylaws will hold, a Utah corporation’s board of directors should always endeavor to keep them current with the company’s goals.
Is it REQUIRED in Utah?
No. Utah has no laws demanding corporations approve, adopt, or institute a set of bylaws.