Sec. 52.052. CONTENTS. The bylaws may provide for one or more of the following: (1) the time, place, and manner of calling and conducting meetings of the association; (2) the number and qualifications of the members; (3) the number of members constituting a quorum; (4) the right of members to vote by proxy, mail, or both and the conditions, method, and effects of the vote; (5) the method by which a member that is an association may cast its vote; (6) the number of directors constituting a quorum; (7) the qualifications, compensation, duties, and terms of directors and officers; (8) the time of the election of directors and officers and the method of giving notice of the election; (9) the penalties for violations of the bylaws; (10) the amount of entrance, organization, and membership fees, if any, the method of collecting the fees, and the purposes for which the association must use the fees; (11) the amount, if any, that each member must pay for the association's cost of conducting business; (12) the amount that each member is required to pay for services rendered to the member by the association, the time of payment, and the method of collecting the payment; (13) the marketing contract between the association and its members; (14) the requirements for ownership of common stock; (15) the time and method by which a member may withdraw from the association or may assign or transfer common stock; (16) the method of assignment and transfer of a member's interest or shares of common stock; (17) the time and conditions on which membership ceases; (18) the automatic suspension of a member's rights if the member ceases to be eligible for membership; (19) the method and effect of expulsion of a member; (20) the purchase by the association of a member's interest on the death, withdrawal, or expulsion of the member, on forfeiture of a membership, or at the option of the association; and (21) the method by which the value of a member's interest is determined by conclusive appraisal by the board of directors.
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