Updating bylaws gary lightbody dating
Association documents should be updated approximately every 5 years to incorporate all the changes in statutory and case law.
Is it better to record amendments to existing documents or revise the entire document?
Although Indiana law requires a nonprofit corporation to adopt bylaws, there is no law requiring it to file its bylaws with the state.
For example, the law does not require a nonprofit corporation to file its bylaws with the Indiana Secretary of State as it must do with its Articles of Incorporation.
Annual Accounting Period Exempt organizations must keep books, reports and file returns based on an annual accounting period called a tax year. Organizations that want to specify an annual accounting period generally do so in their bylaws.