What are the By-Laws of a New York Corporation?
The by-laws of a corporation are established at the time of corporate formation. The corporate by-laws play an important role in the governance of a New York corporation in that “by-laws” establish the general foundation for how the activities of the corporation (and thereby its underlying business) are to be conducted.
If you are involved in a partnership, shareholder or member dispute we recommend reading:
Pursuant to New York Business Corporation Law Section 601(b) “The by-laws may contain any provision relating to the business of the corporation, the conduct of its affairs, its rights or powers or the rights or powers of its shareholders, directors or officers, not inconsistent with this chapter or any other statue of this state or the certificate of incorporation.”
By-laws play a critical role in establishing and preparing a shareholders agreement and assessing your rights when faced with a shareholder dispute.
For additional information about New York partnership, shareholder and member disputes we recommend the following articles by New York partnership dispute lawyer Charles N. Internicola:
- New York Partnership Law: Important Resources
- New York Partnership Disputes: Fiduciary Duties and Obligations Between Partners and Shareholders
- Dissolution of Your New York Corporation: Emergency Proceedings Under BCL Section 1106
- Take Your Business from Local Success to National Franchise with The 90 Day Franchise Launch Program
- An Entrepreneurs Guide to Purchasing a Business or Franchise
- ENDWISE: The Guide to Selling Your Business with Peace of Mind
- The New York and New Jersey Partnership Dispute Guide
- Franchise Counsel Program