Bylaws

Rules governing the internal management of an organization which, in the case of business corporations, are drawn up at the time of incorporation. The charter is concerned with such broad matters as the number of directors and the number of authorized shares; the bylaws, which can usually be amended by the directors themselves, cover such points as the election of directors, the appointment of executive and finance committees, the duties of officers, and how share transfers may be made. Bylaws, which are also prevalent in not-for-profit organizations, cannot countermand laws of the government.

A set of regulations by which an organization conducts its activities.
Example: An association of Condominium owners prepares bylaws that state the minimum number of owners to conduct a meeting, to decide on policies, to elect officers, and other matters.