What does a corporation's bylaws NOT typically cover?

Bylaws serve as the internal governing documents for a corporation and primarily outline how the corporation will be run. They include provisions for operational procedures, business conduct guidelines, and rules regarding shareholder meetings, which help establish the framework for decision-making and management within the corporation.

Tax obligations, however, are generally not covered in a corporation’s bylaws. Instead, tax responsibilities are dictated by external laws and regulations set forth by government entities and tax authorities. These obligations are more appropriately detailed in a corporation’s financial records, filings, and compliance documents, rather than in bylaws that govern corporate structure and internal processes. Thus, the reference to tax obligations highlights an area that falls outside the typical scope of a corporation's bylaws.