17-4608. Bylaws.
17-4608
17-4608. Bylaws.
The board of trustees shall adopt the first bylaws of a cooperative to
be adopted following an incorporation, conversion, merger or consolidation.
Thereafter the members shall adopt, amend or repeal the bylaws by the
affirmative vote of a majority of those members voting thereon at a meeting
of the members. The bylaws shall set forth the rights and duties of members
and trustees and may contain other provisions for the regulation and
management of the affairs of the cooperative not inconsistent with this
act or with its articles of incorporation.
History: L. 1941, ch. 185, § 8; June 30.