True or False: A society with a corporate charter does not require a constitution or bylaws.

A society with a corporate charter does indeed require a constitution or bylaws to govern its internal operations and comply with rules. A corporate charter is essentially a legal document that establishes the existence of the corporation, outlining its purpose and basic information. However, it does not provide comprehensive details on how the organization will operate on a day-to-day basis or manage its affairs.

Constitution and bylaws serve as the internal rules and guidelines that dictate how the organization functions, including procedures for meetings, the rights and responsibilities of members, and the process for electing officers. Having these governing documents ensures that the organization has a framework for decision-making, conflict resolution, and adherence to democratic principles. Therefore, stating that a society with a corporate charter does not require a constitution or bylaws is incorrect, as these documents are essential for effective governance.