Mississippi corporate bylaws are policies created to manage the daily operations of corporations, covering meeting procedures, corporate actions, duties of managing members, and other matters.
They should be consistent with Mississippi law and the articles of incorporation, and can be updated through amendments adopted by the board of directors. Once implemented, the corporation can keep a written record in their company filings, without filing with the Secretary of State.
Legal Requirements
Corporate bylaws are required in Mississippi [1] .
- Annual Meetings – Organized gatherings held yearly to discuss the past year’s performance and make key company decisions [2] . Annual meetings may be held either in or outside of the state at any such location stated in the bylaws. If no location is stated, then the meeting will take place at the company’s principal office.
- Corporate Bylaws – A set of rules that govern the internal management of an organization [3] . The bylaws may contain any provision related to operating the company as long as the provision does not conflict with the articles of incorporation or state or federal law.
- Issuance of Stock – The process of distributing new shares of a company to investors or the public [4] .
Naming Considerations
- Required Words: “Corporation,” “Incorporated,” or “Limited” or an abbreviation of any of these.
- Prohibited Words: Language stating/implying that an entity is organized for impermissible purposes.
- Name Reservation Period: 180 days.
- Renewal Period: May be renewed for one additional period.
- Transferability: Yes.
