Alberta General By-law of Business Corporation
Every new business corporation incorporated in Alberta must adopt this general by-law (By-law No. 1) to set out how the company's affairs will be conducted.
The corporate by-laws form part of the company's governing documents, together with the Articles of Incorporation. The provisions of the by-laws comply with the Alberta Business Corporations Act.
The bylaws govern such things as the holding and conduct of shareholder and director meetings, the composition of the Board of Directors, and the issuance of shares.
The corporation will indemnify each person who acts as a director and/or officer against any costs, charges or expenses he or she may incur by reason of having been a director or officer of the corporation.
A General By-law is required to be passed by all Alberta business corporations. Download your copy today. Updated August 2013.
Last Updated: 20-November-2017