Which of the following statements is CORRECT?
The corporate bylaws are identical for all firms incorporated in a particular state.
Corporate bylaws dictate a firm's behavior inside its home country and corporate charter outline rules for operating in foreign countries.
For a manufacturing firm, the company must be incorporated in the same state where its largest manufacturing facilities are located.
A new corporation is allowed to not have a charter in its initial transitional years.
The corporate bylaws deal with things such as procedures for electing the board of directors.