Bylaws are the code or rules by which the corporation is run, and explain the conditions and limitations that the corporation must follow in conducting its business.
What Is the Board of Directors?
The board of directors is a group of people who direct and oversee the business activities of the corporation. The board hires officers to conduct the day-to-day operation of the corporation. In the case of small, tightly held corporations, the board of directors and the officers may serve in both capacities.
How many shares of stock are required when filing a charter?
The minimum is one. There is no limit on the maximum number of shares authorized.,
What are authorized shares?
Authorized shares are the number of shares of stock that the charter allows the corporation to issues.
What types of oaths of office are filed with the Secretary of State?
Oaths taken by the governor, a judge of the supreme court, a judge of the circuit court, a chancellor, the secretary of state, the comptroller of the treasury, the state treasurer, a district attorney general, or any other officer whose duties are not limited to one county are filed in the office of the Secretary of State. (T.C.A. § 8-18-108)
Oaths of office taken by judges of courts of general sessions, sheriffs, constables, and other officers whose general duties are confined to a single county, as well as retired supreme court justices and retired inferior court or general sessions judges are filed with the county clerk. (T.C.A. § 8-18-109).
Contact information for county clerks can be found on the Administrative Office of the Courts website at www.tncourts.gov