BEC – Article of incorporation Vs. Bylaws. Please help !!

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  • #170861
    Anonymous
    Inactive

    Hi everybody,

    Can you help me regarding where can i find what items are typically included in the corporate bylaws and what included in article of incorporation !!

    Or if you have them or know them post them here please.

    Thanx for your response in advance 🙂

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  • #344202
    Texas27
    Member

    As far as BEC goes, they moved all of the business formation stuff to REG in 2011. Therefore, you will probably need to know that for REG. Since I am studying for REG I will go ahead and tell you the differences.

    Article of Incorporation:

    -Filed in State of incorporation

    -Name of corporation

    -Names and addresses of the registered agent and the incorporators

    -Number of shares authorized to be issued

    -May include an Ultra Vires clause which is basically states the purpose of the business. Some states require this and some do not

    -Article of Incorporation cannot be changed without shareholder approval

    Bylaws:

    -Contain the rules for running the company

    -Adopted by the Board of Directors and can be changed without shareholder approval by the Board

    BEC - Feb 2012: 80
    AUD - Feb 2012: 84
    FAR - Apr 2012: 78
    REG - May 2012: 90

    Thanks Becker!

    #344203
    Anonymous
    Inactive

    @Texas27

    Thank you very much

    If you are studying REG using Becker 2011 material, Could you please tell me where can i find them in there !!

    #344204
    Shay
    Member

    @Ahmad-hussein why are you so worried on this in BEC? I think I ignored that part of BEC,..is it important

    #344205
    Anonymous
    Inactive

    @Shay

    Actully i have tested BEC twice and they asked me in the both exams a question or two about this.

    So i just wanna know about it just in case !!

    AUD 90

    FAR 84

    REG 78

    BEC 69, 72, retake 5/31

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