By-Laws
By-Laws -- By-Laws are the written rules for the conduct of a corporation, an association, a partnership or any organization. The organization's By-Laws are drafted by a corporation's founders or directors. Unless otherwise provided by law, the organization does not formally exist until by-laws have been adopted.
The By-Laws generally provide the guidelines for the membership, for the organization meetings, for the election of the Board of Directors and the Officers of the organization. The By-Laws spell out the duties of the Executive Board of the organization and establishes the guidelines for how other routine conduct of the organization is to be handled. By-Laws are in effect a contract among the organization's members. The By-Laws once formally adopted, can be added to, altered, amended or repealed as spelled out procedurally within the organization's By-Laws.