Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-31. Adoption and contents of bylaws

(a) The members shall have the power to make, alter, amend and repeal the bylaws of an association, but such authority may be expressly vested by the articles or by the bylaws in the board of directors (except as to bylaws fixing the qualification, classification, or terms of office of directors), subject to the power of the members to change such action. Unless the articles or bylaws otherwise provide, the powers hereby conferred shall be exercised by a majority vote of the directors or by the majority vote of members of the association present in person or by proxy at any regular or special meeting. No notice shall be required to members for any regular meeting where such bylaw changes are to be considered.

(b) The bylaws of an association may contain provisions for the regulation and management of the affairs of the association not inconsistent with law or its articles.

(c) An association shall send to the department a copy of its bylaws and of all changes therein immediately after every adoption and change of its bylaws.