40-23-10. Adoption of bylaws--Amendment.
63 words·~1 min read·
/sd/title-40/chapter-40-23/40-23-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each association incorporated under this chapter shall within thirty days after its incorporation, adopt, by majority vote of its members, for its government and management, a code of bylaws, not inconsistent with the powers granted under this chapter. Such bylaws may be altered or amended by any meeting of the members, regularly called, by a two - thirds vote of the members present.