bylaws

bylaws definition - finance
Rules written by a corporation or non-profit organization that establish the policies the corporation or organization will follow. Bylaws must be adopted by the board of directors. Such policies cover the election of officers, the appointment of auditors, how many shares of stock will be issued, and other topics.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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