---
title: O.C.G.A. § 7-2-3. Adoption and amendment of bylaws.
collection: code
id: 7-2-3
cite_as: O.C.G.A. § 7-2-3 (2025)
canonical_url: https://georgiacommons.org/code/7-2-3
md_url: https://georgiacommons.org/code/7-2-3.md
text_url: https://georgiacommons.org/code/7-2-3/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t7-t8-(v5)-2024-pdf.pdf?sfvrsn=6386add7_0#page=628
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: BANKING AND FINANCE / CREDIT UNION DEPOSIT INSURANCE CORPORATION
---

# O.C.G.A. § 7-2-3. Adoption and amendment of bylaws.

(a) At its organizational meeting, the membership of the corporation shall adopt bylaws to govern the operations of the corporation. These bylaws shall be submitted to the department for approval and, if found to be consistent with this chapter, conducive to the purposes for which the corporation was formed, and equitable to all members, the bylaws shall be approved by the department.

(b) The original bylaws shall be adopted by and may thereafter be amended by a vote of at least a majority of the members present and voting at any regular meeting or special meeting called for such purpose. Bylaws may also be amended by the vote of at least two-thirds of the members of the board of directors of the corporation. Amendments adopted by the board may be rescinded at the next regular or special meeting of the members in the same manner as is provided for adoption of amendments by the members.

## History

Ga. L. 1974, p. 545, § 3; Ga. L. 1989, p. 1690, § 1.