Русско-англо-русский юридический словарь

The bylaws of a non-profit organization guide its directors, officers, and employees on how to conduct themselves and the business of the organization. If the non-profit wants to maintain its tax-exempt standing, these bylaws must be drafted subject to standards established by the tax code and applicable state law. Although bylaws may be amended, it is important that the rules are drafted well to ensure that the non-profit runs smoothly. (legalzoom)

"An in-person meeting of the Board of Directors shall be held, without other notice than this Bylaw, twice a year ( immediately before and/or after and at the same place as the Annual Meeting of the Society, and also mid-term at a time and place to be determined by the Board of Directors.")

Petrobras’ bylaws say that shareholders are entitled to dividends if the company turns a profit, pending approval from the board and considering factors such as cash requirements and investment opportunities. (Reuters)

A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific industry. An industry trade association participates in public relations activities such as advertising, education, political donations, lobbying and publishing, but its focus is collaboration between companies. Associations may offer other services, such as producing conferences, networking or charitable events or offering classes or educational materials. Many associations are non-profit organizations governed by bylaws and directed by officers who are also members. (Wikipedia)