§421-8  Bylaws.  The members of the
association, within thirty days after its incorporation, shall adopt bylaws not
inconsistent with law or the articles, and they may alter and amend the same
from time to time.  The bylaws must be adopted by a majority of the members
voting thereon, or if the association permits its members to vote on the basis
of 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 and
conducting meetings of the members, and the number of members that shall
constitute a quorum;



(2)  The manner of voting and the condition upon which
members may vote at general and special meetings and by mail or by delegates
elected by district groups or other associations, and the voting power of
voters based on patronage;



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



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



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



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