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the Georgia Code
2006 Georgia Code - 7-2-3
7-2-3. (a) At its organizational meeting, the
membership of the corporation shall adopt bylaws to govern the
operations of the corporation. These bylaws shall be submitted to
the department for approval and, if found to be consistent with
this chapter, conducive to the purposes for which the corporation
was formed, and equitable to all members, the bylaws shall be
approved by the department. (b) The original bylaws shall be adopted by and
may thereafter be amended by a vote of at least a majority of the
members present and voting at any regular meeting or special
meeting called for such purpose. Bylaws may also be amended by the
vote of at least two-thirds of the members of the board of
directors of the corporation. Amendments adopted by the board may
be rescinded at the next regular or special meeting of the members
in the same manner as is provided for adoption of amendments by the
members.
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