- The bylaws of a cooperative corporation may provide for:
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(a) The management of the property.
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(b) The regulation of the affairs.
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(c) Transfer of the shares.
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(d) The purchase of shares as authorized.
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(e) Calling of meetings of shareholders.
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(f) Election of directors.
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(g) The number of shareholders necessary to constitute a quorum.
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(h) The method of returning and distributing net savings or earnings.
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(i) Such other rules and regulations as the directors deem necessary for the proper management of the business of the corporation.
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