(1) Any employee organization seeking certification from the board as exclusive representative of a group of employees must first file with the division a copy of the labor organization's written bylaws. The bylaws must be filed only once with the division. If any revisions or changes are made, the bylaws must be refiled.

(2) The bylaws must provide for and guarantee that:

(a) Provisions are made for democratic organization and procedures.

(b) Elections are held pursuant to adequate standards and safeguards.

(c) Controls are provided for the regulation of officers and agents having fiduciary responsibility.

(d) Sound accounting, fiscal control, and annual audit requirements exist.