Bylaws

Bylaws are the written internal rules of a cooperative. Chapter 308B requires a cooperative to have them § 308B.241.

What the statute says#

Bylaws govern the cooperative's business affairs, structure, member qualifications and rights, and the classification and distribution of membership interests, to the extent the articles and the chapter do not ^{P1, subd. 1}. If not stated in the articles, the bylaws must state, among other things, the purpose, the capital structure, the voting and governance rights, and either a one-vote-per-patron-member statement or a description of how voting power is allocated ^{P1, subd. 2}. Bylaws must be adopted before any distributions to members, and before accepting contributions to a class whose rights the bylaws determine ^{P1, subd. 3}. Either the board or the members can adopt and amend bylaws, with limits ^{P1, subds. 3 to 6}.

See Write the bylaws.