Effective: August 5, 1998
Latest Legislation: House Bill 600 - 122nd General Assembly
Each association shall adopt for its governance and management, bylaws that are consistent with the powers granted by this chapter and the articles of incorporation of the association. The bylaws may provide for any of the following:
(A) The time, place, and manner of calling and conducting the association's meetings;
(B) The number of members constituting a quorum. If voting by any method other than personal appearance is used, members represented by a ballot or by proxy may be counted in computing a quorum only on those matters for which the ballots or proxies were submitted.
(C) The right of members to vote by proxy or by ballot delivered in person, by mail, by electronic or telephonic transmittal, or any combination of these, and the conditions, manner, form, and effect of such votes;
(D) Subject to the provisions of section 1729.17 of the Revised Code, a method of voting by members or delegates, and any limitations on voting rights of any group or class of members or delegates;
(E) The number of directors constituting a quorum;
(F) The number, qualifications, compensation, duties, and terms of office of directors and officers, and the time of their election and the manner of giving notice of the election;
(G) Penalties for violation of the bylaws;
(H) The amounts of entrance, organization, and membership fees, if any; the manner of collecting them; and the purposes for which they may be used;
(I) Any amount that each member is required to pay annually or from time to time to carry on the business of the association; any charge to be paid by each member for services rendered by the association, and the time of payment and the manner of collection of such charge; and any marketing contract between the association and its members that every member may be required to sign;
(J) The number and qualifications of members of the association and the conditions of membership or for ownership of membership stock in the association;
(K) The time and manner of permitting members to withdraw or the holders of membership stock to transfer their stock; and the manner of assignment and transfer of membership stock;
(L) The conditions upon which, and the time when, the membership of any member ceases; and the suspension of the rights of a member who ceases to be eligible for membership in the association;
(M) The manner and effect of the expulsion of a member;
(N) In the event of the death or withdrawal of a member or upon the expulsion of a member or the forfeiture of membership, any of the following:
(1) The manner of determining the value of a member's interest;
(2) Provision for the purchase of a member's interest by the association;
(3) At the option of the association, provision for such purchase at a price fixed by appraisal by the board of directors of the association.
(O) Any other provision for any matter relative to the control, regulation, operation, management, or government of the association.
Structure Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1729 | Ohio Cooperative Law
Section 1729.01 | Ohio Cooperative Law Definitions.
Section 1729.02 | Purposes - Associations Deemed Nonprofit - Chapter Title.
Section 1729.03 | Powers of Association.
Section 1729.031 | Indemnification.
Section 1729.04 | Use of Words in Name - Prohibition.
Section 1729.06 | Number of Incorporators - Statutory Agent.
Section 1729.07 | Articles of Incorporation.
Section 1729.08 | Amendment or Restatement of Articles.
Section 1729.09 | Voting on Amendment.
Section 1729.10 | Evidence of Incorporation.
Section 1729.11 | Reinstatement of Association.
Section 1729.12 | Filing Articles and Certificates of Amendment.
Section 1729.13 | Dividends - Stock - Security Interest.
Section 1729.16 | Adoption, Amendment, or Repeal of Bylaws.
Section 1729.17 | Members or Delegates Entitled to Vote.
Section 1729.18 | Association Members - Meetings.
Section 1729.19 | Action Authorized or Taken Without Meeting.
Section 1729.20 | Methods of Giving Notice - Signed Waiver.
Section 1729.22 | Board of Directors.
Section 1729.23 | Standard of Care for Directors.
Section 1729.24 | Effect of Self-Dealing.
Section 1729.25 | Liability of Members, Directors, Officers.
Section 1729.27 | Surety Bonds.
Section 1729.28 | Removal of Officers or Directors - Procedure.
Section 1729.29 | Books and Records - Examination by Member or Stockholder.
Section 1729.35 | Association May Merge or Consolidate With One or More Associations.
Section 1729.36 | Association May Merge or Consolidate With One or More Entities.
Section 1729.37 | Effective Date of Merger or Consolidation.
Section 1729.38 | Certificate of Merger or Consolidation Filing and Recording.
Section 1729.40 | Plan of Division.
Section 1729.42 | Conversions.
Section 1729.44 | Setting Aside Reorganizations.
Section 1729.46 | Written Demand for Payment of Fair Cash Value of Stock.
Section 1729.47 | Complaint for Fair Cash Value of Stock.
Section 1729.49 | Disposing of Assets of Association.
Section 1729.55 | Voluntary Dissolution.
Section 1729.56 | Public Notice of Voluntary Dissolution.
Section 1729.58 | Association May Act to Wind Up Affairs or Obtain Reinstatement of Articles.
Section 1729.59 | Judicial Liquidations.
Section 1729.60 | Receiver Appointed to Wind Up Affairs of Association.
Section 1729.61 | Complaint for Judicial Dissolution.
Section 1729.67 | Marketing Agreements.
Section 1729.68 | Prohibited Acts - Injunctive Relief.
Section 1729.69 | Unfair Marketing Practices.
Section 1729.70 | Agricultural Cooperative Not Illegal.
Section 1729.76 | Foreign Association.
Section 1729.80 | Membership in Other Organizations.
Section 1729.84 | Exemptions for Agricultural Products.
Section 1729.85 | Stock Not Considered Securities.