Articles of Cooperation & By-laws

Articles of Cooperation

Articles

Article I- Name of Cooperative

Article II-Purpose/s

Article III-Goals

Article IV-Power And Capacities

Article V-Term Of Existence

Article VI-Area of Operation

Article VII-Name and Address of Cooperators

Article VIII-common Bond and Field of membership

Article IX-Board of Directors

Article X-Capitalization

Article XI-Subscribed and paid-up share capital

Article XII-Arbitral clause

 

BY-LAWS OF COOPERATION

Article I- Purpose(s) And Goals

Article II-Membership

Article III-Administration

Article IV-Board of Directors

Article V-Committees

Article VI-Officers and management staff of the cooperative

Article VII-Capital Structure

Article VIII-Operations

Unlike Articles of Incorporation, Bylaws do not need to filed with the state.  However, Bylaws are an important document that lays out how the cooperative is to be governed.  The governing body (whether it consists of an elected Board of Directors or all members of a collective[1]) must abide the Bylaws.

Typically, a cooperative’s Bylaws can only be changed by a democratic vote (or in some cases, consensus[2]) of the membership.  For this reason, cooperatives usually limit their Bylaws to fundamental governance-level issues.  More specific operational procedures may be documented in policy manuals or handbooks, which can be changed as needed by Directors, (co-)managers, committee members, staff, or other bodies using approved decision-making processes.

Bylaws are organized into sections, and most sections are broken up into subsections.  In this document, only the lengthier sections are broken up into subsections for ease of reading.  However, shorter sections can benefit from being broken down as well.  Bylaws can be easily referenced when numbers or letters are assigned to sections and subsections.

reference: http://cultivate.coop/wiki/Cooperative_Bylaws

Visit our facebook page https://www.facebook.com/malligfstmpc/