This template Bylaws (IL Corporation) may be used by a corporation incorporated in the State of Illinois to set forth the rules and requirements for how the company will be governed internally. This template includes practical guidance and drafting notes. This template covers terms addressing shareholders' meetings, directors and officers, committees, indemnity provisions, corporate records, share certificates, dividends, amendments to the bylaws, and other general matters. Bylaws may contain any provision relating to the regulation and management of the affairs of the corporation, so long as such provisions are not inconsistent with the law or the corporation's articles of incorporation. 805 Ill. Comp. Stat. Ann. 5/2.25. While these bylaws are drafted specifically to comply with Act 5, Chapter 805 of the Illinois Compiled Statutes (Business Corporation Act of 1983, or BCA), some provisions in this template may differ from statutory default provisions, where allowed. You should ...