81-15-11 - Amendment of bylaws.
§ 81-15-11. Amendment of bylaws.
The bylaws of any organization formed hereunder may be amended by a majority vote of the stock held by those present at any meeting at which a quorum attends, the notice of which meeting shall have been given in accordance with the bylaws and shall have stated the purport of the proposed amendment and the intention to bring it up for consideration. Such amendment shall not become effective until it has been approved by the Federal Intermediate Credit Bank, and a copy recorded in the office of the chancery clerk of the county in which such organization has its domicile.
Sources: Codes, 1930, § 6485; 1942, § 4927; Laws, 1924, ch. 272.