bylaws

bylaws definition - business

bylaws

Stockholder-approved rules governing the conduct of a business. Bylaws typically include rules concerning election of directors, selection of auditors, and amendment of existing bylaws.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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