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bylaw
(redirected from Bye-law)

   Also found in: Legal, Encyclopedia, Wikipedia 0.03 sec.
by·law  (b)
n.
1. A law or rule governing the internal affairs of an organization.
2. A secondary law.

[Middle English bilawe, body of local regulations; akin to Danish by-lag, township ordinance : Old Norse br, settlement; see bheu- in Indo-European roots + Old Norse *lagu, law; see legh- in Indo-European roots.]
Word History: A casual glance at the word bylaw might make one think that the element by- means "secondary, subsidiary," especially since bylaw can mean "a secondary law." It is possible that by-, as in byway, has influenced bylaw in the sense "secondary law"; however, bylaw existed long before the sense in question. The word is first recorded in 1283 with the meaning "a body of customs or regulations, as of a village, manor, religious organization, or sect." By- comes from Old Norse (as may the whole word bylaw) and is related to the element -by in the names of many places where Scandinavians settled when they invaded England during the early Middle Ages, such as Whitby. We get the sense of this -by if we compare the related Old Icelandic word variously spelled bær, br, br, meaning "a town or village" in Norway, Sweden, and Denmark and "a farm or landed estate" in Iceland. We thus see why bylaw would mean "a body of customs of a village or manor" and why we use the word to mean "a law or rule governing the internal affairs of an organization."

bylaw, bye-law [ˈbaɪˌlɔː]
n
1. (Law) a rule made by a local authority for the regulation of its affairs or management of the area it governs
2. (Law) a regulation of a company, society, etc.
3. (Law) a subsidiary law
[probably of Scandinavian origin; compare Old Norse bȳr dwelling, town; see bower1, law1]
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.bylaw - a rule adopted by an organization in order to regulate its own affairs and the behavior of its members
prescript, rule - prescribed guide for conduct or action
Translations
bylaw [ˈbaɪlɔː] n (British)arrêté m municipal


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Shareholders also voted to change the name of the Company back to ASA Limited and to amend the Amended and Restated Bye-Laws, as described in proposal 4 in the proxy statement distributed in connection with the meeting.
Further details concerning the upcoming shareholders meeting, including a formal notice, agenda and proxy statement, will be delivered to shareholders of the Company in the near future in accordance with the Company's Bye-laws and Bermuda law.
The additional shares will accommodate the previously announced two-for-one stock split (to be effected in the form of a stock dividend), which was approved by the company's board of directors subject to shareholder approval of the bye-law amendment.
 
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