§ 43-38-301. Bylaws — Provisions —Amendments
A cooperative shall have bylaws in writing governing the cooperative’s business affairs, structure, the qualifications, classification, rights and obligations of members, and the classifications, allocations and distributions of membership interests. The bylaws of a cooperative may be adopted or amended by the board of directors as provided in subsection (c), or at a regular or […]
§ 43-38-302. Approval of and Agreement to Bylaws — Vote to Amend — Enforcement
Except as otherwise provided in the articles, the bylaws must initially be agreed to by all members or the organizer or organizers. Any person becoming a member after the bylaws have been adopted by the organizers or the members will be deemed to have agreed to the bylaws. Unless otherwise provided in the articles or […]
§ 43-38-303. Emergency Bylaws
Unless the article provides otherwise, the board of directors or the organizers of a cooperative may adopt bylaws to be effective only in an emergency. The emergency bylaws, which are subject to amendment or repeal by the members, may make all provisions necessary for managing the cooperative during the emergency, including: Procedures for calling a […]