§ 10004 Corporate Articles Custom Provisions
This law lets a corporation write any rules it wants in its founding papers, as long as those rules don’t break any other law, and it can even limit how the rules can be changed later.
A new bakery includes a rule that the original owner cannot be removed from the board for three years, and that any changes to the company’s bylaws need a vote of all shareholders.
Because the law says the corporation can set any rule that doesn’t conflict with the law, the bakery’s rule is allowed, and the owners must follow it when they try to change the bylaws.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 10004 Corporate Articles Custom Provisions
Last verified: January 10, 2026