§421-8  Bylaws.  The members of theassociation, within thirty days after its incorporation, shall adopt bylaws notinconsistent with law or the articles, and they may alter and amend the samefrom time to time.  The bylaws must be adopted by a majority of the membersvoting thereon, or if the association permits its members to vote on the basisof patronage, then by a majority of members and majority of the patronage,voting thereon.  The bylaws may also provide for:

(1)  The time, place, and manner of calling andconducting meetings of the members, and the number of members that shallconstitute a quorum;

(2)  The manner of voting and the condition upon whichmembers may vote at general and special meetings and by mail or by delegateselected by district groups or other associations, and the voting power ofvoters based on patronage;

(3)  Subject to any provision thereon in the articlesand in this chapter, the number, qualifications, compensation, duties, andterms of office of directors and officers; the time of their election and themode and manner of giving notice thereof;

(4)  The time, place, and manner for calling andholding meetings of the directors and executive committee, and the number thatshall constitute a quorum;

(5)  Rules consistent with law and the articles forthe management of the association, the establishment of voting districts, themaking of contracts, the issuance, retirement, and transfer of stock, and therelative rights, interests, and preferences of members and shareholders;

(6)  Penalties for violation of the bylaws. [L 1949, c234, pt of §1; RL 1955, §176-9; HRS §421-8]