Kansas corporate bylaws are regulatory provisions that dictate how a corporation operates. They cover essential matters such as board and shareholder meetings, the election of corporate officers, consent requirements for business decisions, and the establishment of committees.
The board of directors has the power to create bylaws, which can only be amended as initially agreed upon.
Legal Requirements
Although state law does not explicitly require corporations to adopt bylaws, it is implied that they should do so under [1] . After submitting their articles of incorporation, all corporations in Kansas are required to hold an organizational meeting.
- Annual Meetings – Gatherings held once a year where shareholders and directors of a corporation discuss the company’s performance and strategize for the future [2] .
- Corporate Bylaws – A set of rules and procedures designed to govern the internal operations of a corporation [3] .
- Issuance of Stock – The process by which a corporation distributes shares to investors, representing ownership in the company [4] .
Naming Considerations
- Required Words: “Incorporated,” “Company,” “Limited,” “Association,” “Church,” “College,” “Club,” “Foundation,” “Fund,” “Institute,” “Society,” “Union,” “University,” “Syndicate,” an abbreviation thereof, or language of like import.
- Prohibited Words: Statute silent on this matter.
- Name Reservation Period: 120 days.
- Renewal Period: Statute silent.
- Transferability: Yes.
Emergency Bylaws
Directors may adopt emergency bylaws to ensure continuity of business operations during emergencies that prevent board meetings [5] .