If a society has a corporate charter, what is the status of having a constitution or bylaws?

Having a corporate charter establishes the legal foundation for a corporation or organization, outlining its purpose, functions, and governance. The charter serves as the primary document that legally defines the entity. While having a constitution or bylaws can provide additional governance structures and rules for operation, it is not a legal requirement once a corporate charter is in place.

The absence of a constitution or bylaws means that the corporation can still operate according to the stipulations set forth in the corporate charter. The charter is sufficient for legal recognition and functionality, while a constitution or bylaws might only serve to guide internal governance or decision-making processes. However, a corporation may find it beneficial to create these documents to detail the rules under which it functions and to clarify its operational structure, but they are not mandatory.

This means that if a society has a corporate charter, it is not necessary to also have a separate constitution or bylaws, making the first statement accurate.