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.
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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.
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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.
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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.
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A General By-law is required to be passed by all Alberta business corporations. Download your copy today. Updated August 2013.
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Last Updated: 20-November-2017