(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 and regulating the affairs of the corporation that is not inconsistent with law or the certificate of incorporation.
(P.A. 96-256, S. 24, 209.)
History: P.A. 96-256 effective January 1, 1997.
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