BY LAW, CEMETERY ASSOCIATIONS MAY ACQUIRE, OWN, MANAGE, AND CONTROL CEMETERIES. CEMETERY ASSOCIATIONS MUST BE ORGANIZED IN ACCORDANCE WITH THE NON-PROFIT CORPORATION LAWS. ASSOCIATIONS MAY NOT BE ORGANIZED TO ENGAGE IN SPECULATION IN CEMETERY LOTS AND PROPERTY, OR TO OPERATING FOR THE PRIVATE GAIN, EITHER DIRECTLY OR INDIRECTLY, OF ANY ASSOCIATION MEMBER. THE ASSOCIATION'S BOARD OF DIRECTORS OR BOARD OF TRUSTEES MUST HOLD AN ANNUAL ASSOCIATION MEETING AT WHICH IT MUST ACCEPT AN ANNUAL FINANCIAL STATEMENT THAT CONTAINS AN ACCOUNTING OF ASSOCIATION INCOME AND EXPENSES FOR THE PRECEDING FISCAL YEAR AND AN ACCOUNTING OF ASSOCIATION ASSETS. CEMETERY ASSOCIATIONS MAY ENACT BYLAWS PROVIDING FOR THE CARE AND MANAGEMENT OF ALL BURIAL LOTS, AND THE PROTECTION OF ALL SHRUBS, TREES, FENCES, AND MONUMENTS. THE INCORPORATORS, ORGANIZERS, OR MEMBERS OF AN ASSOCIATION OR, IF NONE ARE LIVING, THE OWNERS OF BURIAL LOTS, BY A MAJORITY VOTE, MAY AMEND THEIR ARTICLES OF ASSOCIATION OR BYLAWS. ASSOCIATIONS