17-4657. Bylaws.
17-4657
17-4657. Bylaws.
The board of directors 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 directors and may contain other provisions for the regulation and
management of the affairs of the cooperative not inconsistent with the
renewable energy electric generation cooperative act or with the cooperative's
articles of incorporation.
History: L. 2003, ch. 81, § 7; July 1.