501.204 Bylaws.
61 words·~1 min read·
/ia/chapter-501-closed-cooperatives/501-204A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board may adopt or amend the cooperative’s bylaws by a vote of three-fourths of the board. The members may adopt or amend the cooperative’s bylaws by a vote of three-fourths of the votes cast in which vote a majority of all votes are cast. A bylaw provision adopted by the members shall not be amended or repealed by the directors.