The association's bylaws are a document containing a set of rules and guidelines for the association. They are written by the founders or board of the association and can be changed over time if there is support for it in the board.

The bylaws should specify who is authorized to sign for the association, how all procedures and workflows within the association should be organized, how many members the board should have, which roles need to be assigned, and much more.

With the latest rules regarding digitalization, it may be beneficial to include something about this in the bylaws. For example, specify who is responsible for the annual report to the financial institution or whether all the board's files and documents should be digital.