Set of rules made by corporation founders such as directors election procedure are classified as

stock laws
by laws
liability laws
corporate laws

The correct answer is: B. by laws

Bylaws are a set of rules that govern the internal affairs of a corporation. They are created by the corporation’s founders and are usually approved by the board of directors. Bylaws typically cover topics such as the election of directors, the appointment of officers, the conduct of meetings, and the management of the corporation’s assets.

Stock laws are laws that regulate the issuance and sale of stock. They are designed to protect investors and to ensure that corporations are properly managed.

Liability laws are laws that determine who is liable for the debts and obligations of a corporation. They are designed to protect creditors and to ensure that corporations are held accountable for their actions.

Corporate laws are laws that govern the formation, operation, and dissolution of corporations. They are designed to protect the interests of shareholders, creditors, and the public.