10-19.1-31. Bylaws

10-19.1-31. Bylaws 1. A corporation may, but need not, have bylaws. Bylaws may contain any provision relating to the management or the regulation of the affairs of the corporation not inconsistent with section 10-19.1-32 or any other provision of law or the articles, including: a. The number of directors, and the qualifications, manner of election, powers, duties, and compensation, if any, of directors; b. The qualifications of shareholders; c. Different classes of shares; d. The manner of admission, withdrawal, suspension, and expulsion of shareholders; e. Property, voting, and other rights and privileges of shareholders; f. The appointment and authority of committees; g. The appointment or election, duties, compensation, and tenure of officers; h. The time, place, and manner of calling, conducting, and giving notice of shareholder, board, and committee meetings, or of conducting mail ballots; i. The making of reports and financial statements to shareholders; or j. The number establishing a quorum for meetings of members and the board. 2. Unless reserved by the articles to shareholders with voting rights, initial bylaws may be adopted by a majority of the incorporators, or by the first board pursuant to section