The associates shall adopt bylaws to regulate the affairs of the association. The bylaws shall provide for:
(1) The method of election of the members of the board of governors.
(2) The number of members of the board of governors.
(3) The method of election of officers of the board of governors.
(4) The dates of the regular meetings of the associates which shall occur at least once each year.
(5) The dates of the regular meetings of the board of governors which shall occur at least once each year.
(6) A method for determining the values of the respective interests of the associates.
(7) The method of amending the bylaws.
(8) The term of existence of the association.
(9) Such other provisions as the associates may deem necessary for the successful regulation of the affairs of the association.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 93 - Professional Associations
Section 9301 - Short title of chapter
Section 9302 - Application of chapter
Section 9304 - Purpose of association
Section 9305 - Articles of association
Section 9306 - Board of governors
Section 9310 - Distribution of excess earnings
Section 9311 - Interests of associates
Section 9312 - Transfer of interests
Section 9313 - Redemption of interests
Section 9314 - Term of existence
Section 9316 - Voting of associates
Section 9317 - Liability of associates