AMENDED  AND  RESTATED  AS  OF  MAY  21,  2001
 
     MACDERMID,  INCORPORATED
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     BY-LAWS
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     ARTICLE  I
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     Meetings  of  Shareholders
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          Section 1.  All meetings of the shareholders may be held at such place
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within  or  without  the  State  of  Connecticut  as  may  from  time to time be
designated  by  the  Board of Directors and stated in the notice of the meeting.
 
          Section 2. The annual meeting for the shareholders for the election of
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directors  and  the  transaction  of  such other business as shall properly come
before  such  meeting  shall  be  held  on  such  date and time as determined by
resolution  of  the  Board  of  Directors.
 
          Section  3.  Special meetings of the shareholders may be called at any
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time  by the President or the Board of Directors, and the President shall call a
special  meeting  whenever  he  is requested in writing to do so by shareholders
representing  one  tenth  of  the  outstanding  stock  having  voting  power.
 
          Section 4.  A notice stating the time and place of each annual meeting
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and  the time, place and purpose of each special meeting shall be given at least
ten  days  but not more than sixty days prior to the meeting to each shareholder
of  record  entitled  to  vote  at  such  meeting by the Secretary delivering or
mailing  such  notice  to  each shareholder at such address as may appear on the
books  of  the  Company.  All  shareholders  by  proper waiver may dispense with
notice  of  any  meeting.
 
          Section  5.  At  all  meetings  of  the shareholders, the holders of a
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majority  of  the  shares  entitled to vote, present in person or represented by
proxy,  shall,  except  as otherwise provided by law, constitute a quorum, but a
lesser  number  may  adjourn  the  meeting  to  a  day  and  time  specified.
 
          Section  6.  Except  as  otherwise  provided  by law, when a quorum is
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present  at any shareholders' meeting, the affirmative vote of a majority of the
voting  power  of the shares represented at such meeting shall be the act of the
shareholders.
 
          Section 7.  At all meetings of shareholders, each shareholder may vote
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in  person  or  by  proxy and shall have one vote for each share standing in his
name  on  the  books  of  the Company.  At all elections of directors the voting
shall  be  by  ballot.  The  Chairman  presiding at each such meeting shall have
power  to  appoint  two  or  more  persons  to  act as inspectors or tellers, to
receive,  canvass and report the votes cast by the shareholders at such meeting;
but  no  candidate for the office of director shall be appointed as inspector or
teller  at  any  meeting  for  the  election  of  directors.
 
     ARTICLE  II
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     Powers  and  Duties  of  Directors
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          Section 1.  The business of the Company shall be managed by a Board of
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Directors  of not less than three nor more than fifteen directors, the number of
which  shall  be  fixed from time to time by vote of the Board of Directors, who
shall  be  elected  at  the  annual  meeting  of  the shareholders and who shall
continue  in office until the next annual meeting and until their successors are
elected  and  qualified.
 
          Section  2.  A majority of the members of the Board shall constitute a
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quorum  competent  to  transact  business.  A  lesser  number  than a quorum may
adjourn  from  time  to  time  until  a  quorum  is  present.
 
          Section  3.  The Board of Directors shall have power to fill vacancies
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that  may  occur  in  the  Board, or any other office, by death, resignation, or
otherwise,  by  a  majority  vote of the remaining members of the Board, and the
person  so  chosen shall hold the office until the next annual meeting and until
his  successor  shall  be  elected  and  qualified.
 
          Section  4.  All  questions  shall be decided by vote of a majority of
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the  directors  present.  The  yeas  and nays on any question shall be taken and
recorded  on  the  minutes  at  the  request  of  any  director.
 
          Section 5.  The Board of Directors shall at each annual meeting of the
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shareholders  report  the  results  of  the operations of the Company during the
preceding  year  and  its  financial  condition  at  the  close  of  each  year.
 
          Section  6.  Any  director  may  resign  at any time by giving written
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notice  of  his resignation to the President or to the Secretary of the Company.
Such  resignation  shall  take effect on the date such notice is delivered or at
any  later  time  specified  therein.
 
          Section  7.  The  Board  of  Directors  may  authorize  any officer or
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officers, agent or agents, to enter into any contract or execute and deliver any
instrument  in  the name of and on behalf of the Company, and such authority may
be  general  or  confined  to  specific  instances.
 
 
          Section  8.  The  Board  of  Directors  may  from  time  to  time,  by
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resolution  passed  by  a  majority  of  the  whole  Board,  appoint standing or
temporary  committees,  including  an  executive committee, from its own number,
such  committees  to  have  such powers as the Board may legally delegate to it.
All  committees so appointed shall keep regular minutes of their meetings, shall
cause  them  to  be recorded in books kept for that purpose in the office of the
Company and shall report the same to the Board of Directors at its next meeting.
 
          Section  9.  The  directors  shall receive such compensation for their
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services  as directors and as members of any committee appointed by the Board as
may  be  prescribed  by  the  Board  of Directors and shall be reimbursed by the
Company  for  ordinary  and  reasonable  expenses incurred in the performance of
their  duties.
 
     ARTICLE  III
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     Meetings  of  Directors
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          Section  1.  The  annual meeting of the Board of Directors shall, if a
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quorum  is  present, be held without notice immediately after the adjournment of
the  annual  shareholders'  meeting  or  as soon thereafter as convenient at the
place  at  which  the  annual  meeting  of  shareholders  has  been  made.
 
          Section  2.  Regular  meetings  of  the Board of Directors may be held
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without  notice at such times and at such places, within or without the State of
Connecticut,  as  the  Board  of  Directors  may  from  time  to time designate.
 
          Section  3.  Special  meetings of the Board of Directors may be called
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by  the  President,  or, in the event of his absence or inability to act, by any
other  officer.  In  addition,  any  two directors may call such meetings.  Such
meetings  shall  be held at the principal office of the Company or at such other
place  or  places,  within  or without the State of Connecticut, as the Board of
Directors  may  from  time  to  time  designate.
 
          Section  4.  Written  or printed notice of all special meetings of the
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Board  of  Directors  shall  be  given to each director personally or by mail or
telegraph  at  least  two  days  previous  to  the  time of meeting, unless such
director  shall in writing or by telegraph waive such notice or be in attendance
at  such  meeting.
 
          Section  5.  Subject  to the provisions of the statutes and of Article
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VIII  hereof,  any  and  all  business  may  be transacted at any meeting unless
otherwise  indicated  in  the  notice  of  any  special  meeting.
 
          Section  6.  A  director  or  a  member of a committee of the Board of
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Directors  may  participate  in  a  meeting of the Board or of such committee by
means  of  conference telephone or similar communications equipment enabling all
directors participating in the meeting to hear one another, and participation in
a  meeting  pursuant to this Section 6 and the Connecticut Stock Corporation Act
shall  constitute  presence  in  person  at  such  meeting.
 
     ARTICLE  IV
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     Officers
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          Section  1.  The  officers of this Company shall consist of a Chairman
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of the Board, if the Board of Directors so determine in any year; a President; a
Treasurer;  a Secretary; and such other officers as the directors may determine.
Subject  to  their  removal by the Board of Directors with or without cause, the
officers  of  the Company shall hold office until the next annual meeting of the
Board  of  Directors  and  until  their  successors  are  elected and qualified.
 
          Section  2.  When  elected,  the Chairman of the Board shall have such
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powers  and  perform  such  duties  as  may  be delegated to him by the Board of
Directors.
 
          Section  3.  Subject  to  the  delegation  of powers and duties to the
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Chairman  of  the  Board,  the  President  shall  be  the  chief  executive  and
administrative  officer of the Company and shall have general and active control
of  its property and affairs and general supervision of its officers, agents and
employees.  In  the  absence of a Chairman of the Board, he shall preside at all
meetings  of  the  Board  of  Directors  and  of  the  shareholders.
 
          Section  4.  Such  Vice  Presidents  as may be elected shall have such
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powers  and  perform  such  duties  as  may be delegated to them by the Board of
Directors.  In  the absence or disability of the President they, in the order in
which they are elected at the preceding annual meeting of the Board of Directors
or  in such order as may be designated by the Board of Directors, shall exercise
the  powers  and  perform  the  duties  of  the  President.
 
          Section  5.  The  Treasurer  shall  receive  and  keep the cash funds,
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notes,  and  all  other cash items belonging to the Company, and shall enter and
cause  to be entered regularly in books kept for that purpose, an account of all
money  received  and  disbursed  on  the Company's account and an account of all
other  financial  transactions  of the Company.  He shall also perform all other
acts  and  duties specially required of him by all applicable statutes, by these
by-laws  and  by  the  Board  of  Directors.
 
          Section  6.  When  elected, the Assistant Treasurer, in the absence or
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disability of the Treasurer, shall perform the duties and exercise the powers of
the Treasurer, and shall perform such other duties as shall be from time to time
required  of  him  by  the  Board  of  Directors.
 
          Section  7.  The  Secretary  shall  make and keep records of the acts,
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doings  and  proceedings  of  all meetings of the shareholders and directors; he
shall transmit to the shareholders and directors the notices required by statute
and by these by-laws, and as directed by the President; and he shall perform all
other  acts  and duties specially required of him by all applicable statutes, by
these  by-laws  and  by  the  Board  of  Directors.
 
          Section  8.  When  elected, the Assistant Secretary, in the absence or
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disability of the Secretary, shall perform the duties and exercise the powers of
the Secretary, and shall perform such other duties as shall be from time to time
required  of  him  by  the  Board  of  Directors.
 
          Section  9.  The  Controller  shall  provide  timely  and  appropriate
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financial reports and analysis, thereon for the Shareholders, Board of Directors
and  governmental  and  other  regulatory agencies.  He shall perform also other
acts  and  duties specially required of him by all applicable statutes, by these
by-laws,  and  by  the  Board  of  Directors.
 
          Section 10.  When elected, the Assistant Controller, in the absence or
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disability  of  the controller, shall perform such other duties and exercise the
powers  of  the Controller, and shall perform such other duties as shall be from
time  to  time  required  of  him  by  the  Board  of  Directors.
 
          Section  11.  Unless  otherwise ordered by the Board of Directors, the
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President  or  an  officer thereunto duly authorized by the President shall have
full  power  and authority on behalf of the Company to attend and to vote at any
meeting of shareholders of any corporation in which this Company may hold stock,
and  may  exercise  on  behalf  of this Company and all of the rights and powers
incident  to  the  ownership  of  such stock at any such meeting, and shall have
power  and  authority  to  execute and deliver proxies and consents on behalf of
this  Company  in connection with the exercise by this Company of the rights and
powers  incident  to  the ownership of such stock.  The Board of Directors, from
time  to  time,  may  confer  like  powers  upon  any  other  person or persons.
 
     ARTICLE  V
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     Checks,  Notes,  Etc.
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          All checks, notes, drafts and bills of exchange, issued by the Company
for  Company purposes, shall be signed by such officers or employees as may from
time  to  time  be  designated  by  the  Board  of  Directors.
 
 
<PAGE>
     ARTICLE  VI
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     Stock  Transfers
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          Stock  transfer books shall be kept and no transfers of stock shall be
permitted  except  upon  said  books,  either by the shareholder in person or by
power  of attorney executed by him for that purpose.  The Board of Directors may
from  time  to  time  designate  one  or  more  transfer  agents and one or more
registrars  to  transfer  and  register  shares  of  the  stock  of the Company.
 
     ARTICLE  VII
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     Corporate  Seal
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          A  seal,  circular  in  form, with the words "MACDERMID, INCORPORATED,
Waterbury,  Connecticut"  on  its  circumference, and the word "SEAL" across its
face,  shall  be  the  corporate seal of the Company, which shall be kept in the
custody  of  the  Secretary  of  the  Company.
 
     ARTICLE  VIII
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     Amendment  of  By-Laws
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          These  by-laws  may  be  altered  or  amended  at  any  meeting of the
directors,  whether annual, regular, or special, by a majority of the directors,
provided  that  in  the  call  of  such meeting notice of intention to amend the
by-laws  shall have been given, unless a proper waiver has been signed by all of
the  directors  dispensing  with  notices  of  any  meeting.
 
     ARTICLE  IX
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     Indemnification
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          Section  1.     As  used  in  this  Article  IX, the terms "Director,"
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"Expenses,"  "Liability,"  "Official  capacity,"  "Party" and "Proceeding" shall
have  the  respective  meanings  ascribed  to  them  in  Section  33-770  of the
Connecticut  Business  Corporation  Act  ("CBCA")  or  successor  provision.
 
          Section  2.     Subject  to the provisions of Sections 3 and 4 of this
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Article  IX  and Sections 33-771 (b), (c) and (e) or the CBCA, the Company shall
indemnify  an  individual  made  a  Party to a Proceeding because he is or was a
Director  against  Liability  incurred  in  the Proceeding if:  (a) he conducted
himself in good faith; and (b) he reasonably believed (I) in the case of conduct
in  his  Official  capacity  with  the Company, that his conduct was in its best
interests,  and  (ii)  in  all  other  cases,  that his conduct was at least not
opposed  to  its best interests; and (c) in the case of any criminal Proceeding,
he  had  no  reasonable  cause  to  believe  his  conduct  was  unlawful.
 
          Section  3.     The  Company shall pay for or reimburse the reasonable
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Expenses  incurred  by  a  Director who is a Party to a Proceeding in advance of
final  disposition of the Proceeding if:  (a) the Director furnishes the Company
a  written  affirmation of his good faith belief that he has met the standard of
conduct  described  in  Section  2 of Article IX; (b) the Director furnishes the
Company  a  written  undertaking, executed personally or on his behalf, to repay
the  advance if it is ultimately determined that he did not meet the standard of
conduct;  and  (c)  a  determination  is made that the facts then known to those
making  the  determination  would  not  preclude  indemnification under Sections
33-770  to  33-778,  inclusive,  of  the  CBCA.
 
          Section  4.     Notwithstanding  the  foregoing, the Company shall not
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indemnify  a  Director  under  Section  2  of  Article IX unless authorized in a
specific  case  after  a determination has been made that indemnification of the
Director  is permissible in the circumstances because he has met the standard of
conduct set fourth under said Section 2.  The determination shall be made (a) by
the  Board  of  Directors by a majority vote of a quorum consisting of Directors
not  at  the  time parties to the Proceeding; (b) if a quorum cannot be obtained
under  subsection  (a)  of  this Section 4, by majority vote of a committee duly
designated  by  the  board  of Directors, in which designation Directors who are
Parties  may  participate, consisting solely of two or more Directors not at the
time Parties to the Proceeding; (c) by special legal counsel (i) selected by the
Board  of  Directors or its committee in the manner prescribed in subsection (a)
or  (b)  of this Section 4, or (ii) if a quorum of the Board of Directors cannot
be  obtained  under  subsection (a) of this Section 4, and a committee cannot be
designated  under  subsection (b) of this Section 4, selected by a majority vote
of the full Board of Directors, in which selection Directors who are Parties may
participate;  or (d) by the shareholders, but shares owned by or voted under the
control  of  Directors  who are at the time Parties to the Proceeding may not be
voted  on the determination.  Authorization of indemnification and evaluation as
to  reasonableness  of  Expenses  shall  be  made  in  the  same  manner  as the
determination  that  indemnification  is  permissible,  except  that  if  the
determination is made by special legal counsel, authorization of indemnification
and evaluation as to reasonableness of Expenses shall be made in the same manner
as  the  determination  that  indemnification is permissible, except that if the
determination is made by special legal counsel, authorization of indemnification
and  evaluation as to reasonableness of Expenses shall be made by those entitled
under  subsection  (c)  of  this  Section  4  to  select  counsel.
 
          Section  5.     The Company shall indemnify and advance Expenses to an
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officer  who  is  not  a  Director, and may indemnify and advance Expenses to an
employee  or  agent  who  is not a Director, to the same extent as to a Director
under  Sections  2,  3  and  4  of  this  Article  IX.
 
          Section 6.     Nothing set forth in this Article IX shall be deemed to
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limit  the  power of the Company to indemnify any Director, officer, employee or
agent  as  permitted  under  the  provisions  of  the  CBCA.