30-1-206 BYLAWS.
CORPORATIONS
CHAPTER 1
GENERAL BUSINESS CORPORATIONS
PART 2.
INCORPORATION
30-1-206. Bylaws. (1) The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation.
(2) The bylaws of a corporation may contain any provision for managing the business and regulating the affairs of the corporation that is not inconsistent with law or the articles of incorporation.