The bylaws may, in addition to the provisions permitted by § 7-1.2-203(a), except where inconsistent with this chapter, provide for:
(1) The method and terms of admission to membership and the disposal of members' interests on cessation of membership for any reason;
(2) The method of distributing the net savings of the association.
History of Section.
P.L. 1947, ch. 1976, § 9; G.L. 1956, § 7-8-10; P.L. 1985, ch. 2, § 1; P.L. 2005, ch. 36, § 6; P.L. 2005, ch. 72, § 6.