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As it's evolved in modern times,
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the corporation has a charter or bylaws.
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When you create a corporation, you write up a contract,
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which specifies the rules of the corporation;
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it's like a constitution for the corporation.
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Also, the law of the state in which the corporation is chartered
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also puts restrictions on what can be in the bylaws.
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Notably, it's typically required
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that it's one share, one vote and that there's
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it would be also required that there be an annual meeting--
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at least once a year, a shareholder meeting--
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and then the shareholders can vote on relevant issues.