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.