§ 7-6.1-10 - Articles or bylaws. - Rhode-island Statutes

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Statutes > Rhode-island > Title-7 > Chapter-7-6-1 > 7-6-1-10

SECTION 7-6.1-10

§ 7-6.1-10 Articles or bylaws. – The articles or bylaws may provide:

(1) For election of directors and other officials by unit ordistrict;

(2) For voting by stockholders or members on the basis of onevote per stockholder or member, or one vote per dwelling unit rather than onevote per share or certificate;

(3) That any action required or permitted to be taken at ameeting of stockholders or members may be taken by mail ballot;

(4) For a method of membership representation of stockholdersor members at meetings by delegates from units or districts; provided, thatdelegates must be proportional to the number of stockholders or members in eachunit district;

(5) For redemption or recall of stock;

(6) For termination of membership rights and privileges of astockholder;

(7) Standards for eligibility to become a stockholder ormember;

(8) For the allocation of its net savings among the usespermitted in § 7-6.1-11.

State Codes and Statutes

Statutes > Rhode-island > Title-7 > Chapter-7-6-1 > 7-6-1-10

SECTION 7-6.1-10

§ 7-6.1-10 Articles or bylaws. – The articles or bylaws may provide:

(1) For election of directors and other officials by unit ordistrict;

(2) For voting by stockholders or members on the basis of onevote per stockholder or member, or one vote per dwelling unit rather than onevote per share or certificate;

(3) That any action required or permitted to be taken at ameeting of stockholders or members may be taken by mail ballot;

(4) For a method of membership representation of stockholdersor members at meetings by delegates from units or districts; provided, thatdelegates must be proportional to the number of stockholders or members in eachunit district;

(5) For redemption or recall of stock;

(6) For termination of membership rights and privileges of astockholder;

(7) Standards for eligibility to become a stockholder ormember;

(8) For the allocation of its net savings among the usespermitted in § 7-6.1-11.

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State Codes and Statutes

Statutes > Rhode-island > Title-7 > Chapter-7-6-1 > 7-6-1-10

SECTION 7-6.1-10

§ 7-6.1-10 Articles or bylaws. – The articles or bylaws may provide:

(1) For election of directors and other officials by unit ordistrict;

(2) For voting by stockholders or members on the basis of onevote per stockholder or member, or one vote per dwelling unit rather than onevote per share or certificate;

(3) That any action required or permitted to be taken at ameeting of stockholders or members may be taken by mail ballot;

(4) For a method of membership representation of stockholdersor members at meetings by delegates from units or districts; provided, thatdelegates must be proportional to the number of stockholders or members in eachunit district;

(5) For redemption or recall of stock;

(6) For termination of membership rights and privileges of astockholder;

(7) Standards for eligibility to become a stockholder ormember;

(8) For the allocation of its net savings among the usespermitted in § 7-6.1-11.