Verbatim from the public record. The law itself is a government work — always confirm the current version on the official source before you rely on it.
The bylaws must necessarily provide for at least the
following:
(a) Form of administration, indicating whether in
charge of an administrator or a board of administration, or otherwise, and
specifying the powers, manner of removal and, where proper, the compensation
therefor.
(b) Method calling or summoning the unit owners to
assemble; that a majority of unit owners, as defined in Section 3(n) of this
act, is required to adopt decisions; who is to preside over the meeting and who
will keep the minute book wherein the resolutions shall be recorded,
(c) Care, upkeep and surveillance of the building and
its general or limited common elements and services.
(d) Manner of collecting from the unit owners for the
payment of the common expenses,
(e) Designation and dismissal of the personnel
necessary for the maintenance, upkeep and repair of the common
elements,
(f) Such restrictions on and requirements respecting
the use and maintenance of the units and the use of the common elements, not set
forth in or appended to the declaration, as are designed to prevent unreasonable
interference with the use of their respective units and of the common elements
by the several unit owners,
(g) That seventy-five percent (75%) of the unit
owners, computed on the basis set forth in Section 3(n) of this act, may at any
time modify or amend the bylaws, but each one of the particulars set forth in
this Section shall always be embodied in the bylaws. Such modification or
amendment shall not become operative unless set forth in an amended declaration
and duly recorded.
Historical Data
Laws 1963, HB 609, c. 288, § 20.