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40.The following are the purposes of by-laws, except a.It supplements the articles of incorporation b.it is a condition precedent before the acquisition of juridical personality

40.The following are the purposes of by-laws, except

a.It supplements the articles of incorporation

b.it is a condition precedent before the acquisition of juridical personality of a corporation

c.it defines the rights and duties of corporate officers and directors and of stockholders toward the corporation and among themselves

d.it regulates the business transactions of the corporation in a particular way

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