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Section 7-6.1-10 Articles or bylaws.

RI Gen L § 7-6.1-10 (2019) (N/A)
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§ 7-6.1-10. Articles or bylaws. The articles or bylaws may provide:

(1) For election of directors and other officials by unit or district;

(2) For voting by stockholders or members on the basis of one vote per stockholder or member, or one vote per dwelling unit rather than one vote per share or certificate;

(3) That any action required or permitted to be taken at a meeting of stockholders or members may be taken by mail ballot;

(4) For a method of membership representation of stockholders or members at meetings by delegates from units or districts; provided, that delegates must be proportional to the number of stockholders or members in each unit district;

(5) For redemption or recall of stock;

(6) For termination of membership rights and privileges of a stockholder;

(7) Standards for eligibility to become a stockholder or member;

(8) For the allocation of its net savings among the uses permitted in § 7-6.1-11.

History of Section. (P.L. 1986, ch. 256, § 1.)

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Section 7-6.1-9 Power to make, amend, or repeal bylaws.
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Section 7-6.1-11 Net savings - Apportionment.