§2058. Adoption, repeal and amendment; vote; delegation of authority
Each association shall, within 30 days after its incorporation, adopt for its government and management a code of bylaws, not inconsistent with this chapter. A majority vote of the members or shares of stock issued and outstanding and entitled to vote, or the written assent of a majority of the members or of stockholders representing a majority of all the shares of stock issued and outstanding and entitled to vote, is necessary to adopt such bylaws and is effectual to repeal or amend any bylaws, or to adopt additional bylaws. The power to repeal and amend the bylaws, and adopt new bylaws, may, by a similar vote, or similar written assent, be delegated to the board of directors, which authority may, by a similar vote, or similar written assent, be revoked.
Structure Maine Revised Statutes
Part 2: CORPORATIONS WITHOUT CAPITAL
Chapter 87: FISH MARKETING ASSOCIATIONS
13 §2051. Authority to form association
13 §2052. Articles of incorporation
13 §2054. Shares; number; par value
13 §2056. Membership; voting power
13 §2058. Adoption, repeal and amendment; vote; delegation of authority
13 §2059. Prohibited transfers
13 §2060. Quorum; voting; qualifications of directors; penalties
13 §2061. Members; financial rights and obligations
13 §2062. -- qualifications; withdrawals; transfers; suspension; valuation of interest
13 §2064. Districting territory; directors from districts; redistricting
13 §2065. Directors elected by district representatives; redistricting