As Amended
SEC. 79-4-2.06. Bylaws.
(a) The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation.
(b) The bylaws of a corporation may contain any provision for managing the business and regulating the affairs of the corporation that is not inconsistent with law or the articles of incorporation.
SOURCES: Laws, 1987, ch. 486, Sec. 2.06, eff from and after January 1, 1988.