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 (§ 79-4-2.06(a)).
- Annual Meetings – § 79-4-7.01
- Corporate Bylaws – § 79-4-2.06
- Issuance of Stock – § 79-4-6.21
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: Non-renewable.
- Transferability: Yes.
