After a company is formed, it has 30 days to create rules called bylaws for how it will be run. These bylaws need the approval of more than half of the people with voting rights. Once made, these rules can be changed, removed, or added to by the same voting group. The power to make these changes can also be given to the board of directors if approved by the same vote or written agreement, and this power can likewise be taken back the same way.

This law section explains that the governing rules (bylaws) of an organization can specify when, where, and how meetings are held. If the bylaws don't specify, member or stockholder meetings must occur where the main business office is located, as decided by the board. Board of directors' meetings can be held anywhere, unless the bylaws or incorporation documents say otherwise.

This law section allows a company's bylaws to determine how many stockholders, directors, or members need to be present to officially conduct business.

This law allows an organization’s bylaws to set rules about voting by proxy or mail, including how these votes are conducted. It also addresses whether members or stockholders can use a method called cumulative voting, where they can pool their votes, and whether this type of voting is allowed or not.

This law outlines how a corporation can establish the rules for its directors and officers through the bylaws. The bylaws can specify who is qualified to be a director, how much they are paid, what their duties are, how long they serve, and when they are elected. The number of directors can be a fixed or variable number, but there must be at least three. In case of changes or inconsistencies between articles and bylaws regarding directors, the most recent change applies. The final decision on the exact number of directors within a variable range is made by the board or shareholders, following prescribed procedures.

This law section allows for the rules of an organization, known as bylaws, to include consequences for breaking those rules.

This law explains that the rules (or bylaws) of an association can outline how much money each member or stockholder needs to pay on a regular basis, if any, to support the association's activities. It can also specify any fees for services provided by the association to its members, including when and how these payments are made. Additionally, it can require that members or stockholders sign a marketing contract with the association.

This section explains that a company's rules, called bylaws, can decide how much money, called dividends, can be given to stock or membership holders. However, if dividends are paid from the profit made from doing business with its members, the dividends can't be more than 8% per year.

This law section allows an association's bylaws to lay out specific rules. These rules can define who can become a member or stockholder, how and when they can leave or transfer their stocks, and the process of assigning or transferring their interests. It also specifies conditions for ending membership, suspending member rights, and expelling members.

This section of the law talks about how an association can handle a member's shares if they leave, are expelled, or otherwise can't be a member anymore. The rules might say how to figure out the value of a member's interest, and when the association can buy it. If the bylaws don't specify what to do when someone is expelled, the board has to fairly assess the member's interest and pay them within a year.