Asked by Woedem Malorku on Apr 24, 2024
Verified
Bylaws are rules governing a corporation's internal management.
Bylaws
Rules and regulations adopted by an organization or community for its internal governance.
Internal Management
The process and practice of administering, managing, and directing an organization's internal operations and resources.
- Recognize the legal requirements and consequences regarding corporate bylaws, property, and liability.
Verified Answer
RM
Ranjeet Mahal7 days ago
Final Answer :
True
Explanation :
Bylaws are indeed the rules established by a corporation to regulate its own internal affairs and management, such as procedures for meetings, elections of officers, and other corporate governance matters.
Learning Objectives
- Recognize the legal requirements and consequences regarding corporate bylaws, property, and liability.