Adoption and keeping of by-laws.
Section 10
SEC. 10. Adoption and keeping of by-laws.—Each association formed under this Act must adopt, for its government and management, a code of by-laws, not inconsistent with the powers granted by this Act, and its articles of incorporation. A majority vote of the members, or their written assent, is necessary to adopt such by-laws. The by-laws shall be signed by the members voting for them or giving assent thereto, and shall be kept in the principal office of the association, subject to the inspection of the members or stockholders during office hours, and a copy thereof, duly certified to by a majority of the directors and countersigned by the secretary of the association, shall be filed with the Director of the Bureau of Commerce and Industry, who shall attach the same to the articles of incorporation.