The bylaws may provide: 1. Quorum. The number of members constituting a quorum; 2. Voting. The right of members to vote by proxy or by mail or both, and the conditions, manner, form and effects of such votes; the right of members to cumulate their votes and the prohibition, if desired, of cumulative voting; 3. Quorum for directors. The number of directors constituting a quorum; 4. Duties, term, etc. of directors. The qualifications, compensation and duties and term of office of directors and officers and the time of their election; 5. Penalties. Penalties for violations of the bylaws.
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