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.
(a) The bylaws may provide for the following:
(1) The election from among the apartment or site owners of a board of directors, the
number of persons constituting it, and that the terms of at least one-third of the
directors shall expire annually; the powers and duties of the board; the compensation,
if any, of the directors; the method of removal from office of directors; and whether
or not the board may engage the services of a manager or managing agent.
(2) Method of calling meetings of the apartment or site owners; what percentage, if other
than a majority, of apartment or site owners shall constitute a quorum.
(3) Election of a president from among the board of directors who shall preside over the
meetings of the board of directors and of the association of owners.
(4) Election of a secretary who shall keep the minute book in which resolutions shall
be recorded.
(5) Election of a treasurer who shall keep the financial records and books of account
and shall report annually to owners.
(6) Maintenance, repair, and replacement of the common areas and facilities, including
payments for the maintenance, repair, and replacements and the method of approving
payment vouchers.
(7) Manner of collecting from the apartment or site owners their share of the common expenses.
(8) Authority over personnel necessary for the maintenance, repair, and replacement of
the common areas and facilities.
(9) Method of adopting and of amending administrative rules and regulations governing
the details of the operation and use of the common areas and facilities.
(10) Such restrictions on and requirements respecting the use and maintenance of the apartments
or sites and the use of the common areas and facilities, not set forth in the declaration,
as are designed to prevent unreasonable interference with the use of their respective
apartments or sites and of the common areas and facilities by the several apartment
or site owners.
(11) The percentage of votes required to amend the bylaws.
(12) Other provisions considered necessary for the administration of the property consistent
with this chapter.
(b) In the case of a mobile home park condominium of more than three units, the bylaws
shall provide that no member or site owner shall have more than 30 percent of the
aggregate association vote. (Added 1967, No. 228 (Adj. Sess.), § 19, eff. Jan. 23, 1968; amended 1993, No. 97, § 2; 1993, No. 141 (Adj. Sess.), § 19, eff. May 6, 1994; 2023, No. 6, § 364, eff. July 1, 2023.)