Legal Definitions - bylaws

Definition: Bylaws are rules and regulations that an organization or company creates for its internal management. They are used to determine the rights and responsibilities of employees and organizations within the company, and to regulate various matters such as holding meetings, causes of dissolution, etc. Bylaws provide a framework for the operation and management of an organization.

For example, a company may have bylaws that outline the process for electing board members, the responsibilities of each board member, and the procedures for holding board meetings. Another example is a non-profit organization that has bylaws that outline the roles and responsibilities of its members, the process for electing officers, and the procedures for making decisions.

Bylaws can also refer to local regulations created by a municipality. For instance, a city may have bylaws that regulate noise levels, parking, and building codes.

Overall, bylaws are important because they provide structure and guidance for organizations and companies, ensuring that everyone is on the same page and working towards the same goals.