Section 15. By-laws

Latest version.

The board of directors shall adopt the first by-laws of
  a  cooperative  to  be  adopted  following an incorporation, conversion,
  merger or consolidation. Thereafter the members shall  adopt,  amend  or
  repeal  the  by-laws  by  the  affirmative  vote  of a majority of those
  members voting thereon at a meeting of the members.  The  by-laws  shall
  set forth the rights and duties of members and directors and may contain
  other provisions for the regulation and management of the affairs of the
  cooperative  not  inconsistent with this chapter or with its articles of
  incorporation.

                    
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