(a) General rule.— The bylaws may provide for the following matters:
- (1) The time, place and manner of calling and conducting meetings of the members or delegates and the number of members or delegates (which may be less than a majority) that shall constitute a quorum.
- (2) The manner of voting and the conditions upon which members or delegates may vote at general and special meetings.
- (3) Subject to any provision thereon in the articles of association and in this chapter, the number, qualifications, eligibility requirements, manner of nomination, duties and terms of office of directors and officers, the time of their election and mode and manner of giving notice thereof.
- (4) The time, place and manner for calling and holding meetings of the directors and any executive committee and the number that shall constitute a quorum.
- (5) Rules consistent with law and the articles of association for the management of the association, the establishment of any election districts, the making of contracts, the issuance, redemption and transfer of shares, the relative rights, duties, interests and preferences of members and shareholders and the mode, manner and effect of expulsion of a member.
- (6) Any other provisions deemed necessary or proper to carry out the purposes of the association.
- (7) Penalties for violations of the bylaws.