(1) (a) The board of directors of a nonprofit corporation
may adopt initial bylaws for the nonprofit corporation.
(b) If no directors of the nonprofit corporation have
been elected, the incorporators may adopt initial bylaws for the nonprofit
corporation.
(c) If neither the incorporators nor the board of
directors have adopted initial bylaws, the members, if any, may adopt initial
bylaws.
(2) The bylaws of a nonprofit corporation may contain any
provision for managing the business and regulating the affairs of the nonprofit
corporation that is not inconsistent with law or the articles of incorporation,
including management and regulation of the nonprofit corporation in the event
of an emergency.
Enacted by Chapter 300, 2000 General Session