Bylaws
(AL Corporation)

Summary

This bylaws template can be used by an Alabama corporation to establish a framework and rules of conduct for the operation and management of its business. Initial bylaws of a corporation should be adopted by the incorporators or the initial board of directors of the company at the organizational meeting. This template includes practical guidance and drafting notes. This template covers areas that are fundamental to the operation and management of a corporation, including stockholders' meetings, the corporation's directors and officers, executive and audit committees, amendments to the bylaws, share certificates and subscriptions, and the declaration of dividends. Bylaws may be amended or repealed by the stockholders. Unless otherwise provided for in the certificate of incorporation or in bylaws adopted by the stockholders, bylaws may also be amended or repealed by the board of directors. Bylaws may contain any provision that is not inconsistent with law or the company's certificate of incorporation. For additional information on the formation, operation, and dissolution of an Alabama corporation, see Formation and Qualification (AL Corporation).