When do bylaws become effective? * - Upon signing by a majority of the directors - Upon issuance of a certification by the Commission - Upon publication in a newspaper - Upon submission to the Commission What types of meetings can be held for stockholders and members? * - Monthly and annual - Regular and special - Open and closed - Informal and formal What is considered a stock subscription? * - A verbal promise to invest in a company - Only purchases made after incorporation - A signed agreement between stockholders - Any contract for acquiring unissued stock