Minnesota Corporate Bylaws
Minnesota corporate bylaws are rules that establish the organizational structure of your corporation. Bylaws cover some of the most important aspects of your business, from appointing directors and officers to holding board and shareholders’ meetings and handling conflicts of interest.
We at Northwest know how important it is to have a solid set of bylaws to fall back on, which is why we offer a free, attorney-drafted template, specific to Minnesota corporations, you can use to help get you started with yours.
Are bylaws filed with the state of Minnesota?
No. There’s no need to file your bylaws with any state agency. Your bylaws are an internal document that you’ll keep on file with your corporation’s other records.
Do bylaws need to be signed?
You’ll want to sign your bylaws, even though Minnesota state statutes don’t explicitly require signatures. For one thing, including signatures from your board members and officers adds legitimacy to your bylaws and further ensures that they’ll hold-up in court.
How do I amend my bylaws in Minnesota?
Bylaws can be amended by either the board or the shareholders, but corporations have the power to stipulate specific requirements for amendments in either their articles or in the bylaws themselves. For example, articles or bylaws could stipulate that that power to amend bylaws lies strictly with the shareholders.