Arizona Laws 10-2006. Bylaws; renewal upon expiration of contract period
A. Each association shall within thirty days after incorporation adopt bylaws. A majority vote of the members or their written assent is necessary to adopt such bylaws. The bylaws may provide for:
Terms Used In Arizona Laws 10-2006
- Association: means a corporation organized under this article. See Arizona Laws 10-2001
- Board of directors: means the group of persons vested with the management of the affairs of the corporation irrespective of the name by which the group is designated and includes the governing body or bodies of a water users' association if the articles of incorporation of the water users' association provide for a governing body or bodies denominated other than as a board of directors. See Arizona Laws 10-140
- Bylaws: means the code of rules adopted for the regulation or management of the affairs of the corporation irrespective of the name by which those rules are designated. See Arizona Laws 10-140
- Contract: A legal written agreement that becomes binding when signed.
- Member: includes members of associations. See Arizona Laws 10-2001
- Membership: refers to the rights and obligations a member or members have pursuant to a corporation's articles of incorporation and bylaws and chapters 24 through 40 of this title. See Arizona Laws 10-3140
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
- Property: includes both real and personal property. See Arizona Laws 1-215
- Quorum: The number of legislators that must be present to do business.
- Vote: includes authorization by written ballot and written consent. See Arizona Laws 10-3140
- Writing: includes printing. See Arizona Laws 1-215
- written: includes blockchain technology as defined in section 44-7061. See Arizona Laws 10-140
1. The time, place and manner of calling and conducting meetings.
2. The number of members constituting a quorum.
3. The right of members to vote by proxy, by mail or by both methods, and the conditions, manner, form and effect of the votes.
4. The number of directors constituting a quorum.
5. The qualifications, compensation, duties and term of office of directors and officers, time of their election and the manner of giving notice of the election.
6. Penalties for violation of the bylaws.
7. The amount of entrance, organization and membership fees, if any, the method of collecting them and the purposes for which they may be used.
8. The annual dues or assessments.
9. The charge to be paid by each member for services rendered by the association to him, the time of payment and the manner of collection.
10. The marketing contract between the association and its members, which every member may be required to sign.
11. The number and qualification of members of the association and the conditions precedent to membership.
12. The method, time and manner of permitting members to withdraw.
13. The manner of assignment and transfer of the interest of members.
14. The conditions upon which, and time when membership of a member shall cease.
15. The automatic suspension of the rights of a member when he ceases to be eligible to membership, and the manner and effect of the expulsion of a member.
16. The manner of determining the value of a member’s interest, and providing for purchase of such interest by the association upon his death, withdrawal, expulsion or forfeiture of membership, at the option of the association.
17. If members are to be accorded unequal voting rights, the manner of determining the number of votes to which each member is entitled.
B. Upon termination of each contract period, the board of directors of the association may renew or revise the bylaws to be in effect for the next contract period, and the renewal or revision shall be the bylaws of the association after thirty days notice has been given to the members, unless more than fifty per cent of the members of the association have filed objections thereto in writing, except that when property rights of the members are affected, section 10-2007 shall apply.