33 §576. Contents of bylaws
Title 33: PROPERTY
Chapter 10: UNIT OWNERSHIP
Subchapter 1: UNIT OWNERSHIP HEADING: RR 1993, C. 1, §101 (COR)
§576. Contents of bylaws
The bylaws shall provide for the following: [1965, c. 357, (NEW).]
1. Board of directors. The election from among the unit owners of a board of directors, the number of persons constituting and the term of office of such board; a provision that the terms of at least 1/3 of such board shall expire annually; the powers and duties of the board; the compensation, if any, of the directors; the method of removal from such board; powers of the board in engaging the services of a manager or managing agent.
[ 1965, c. 357, (NEW) .]
2. Meetings. Method of calling meetings of the unit owners; what percentage, if other than a majority, of unit owners shall constitute a quorum.
[ 1965, c. 357, (NEW) .]
3. President. 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 unit owners.
[ 1965, c. 357, (NEW) .]
4. Secretary. Election of a secretary who shall keep the minute book wherein resolutions shall be recorded.
[ 1965, c. 357, (NEW) .]
5. Treasurer. Election of a treasurer who shall keep the financial records and books of account.
[ 1965, c. 357, (NEW) .]
6. Repairs. Maintenance, repair and replacement of the common areas and facilities and payments therefor, including the method of approving payment vouchers.
[ 1965, c. 357, (NEW) .]
7. Expenses. Manner of collecting from the unit owners their share of the common expenses.
[ 1965, c. 357, (NEW) .]
8. Personnel. Designation and removal of personnel necessary for the maintenance, repair and replacement of the common areas and facilities.
[ 1965, c. 357, (NEW) .]
9. Rules and regulations. Method of adopting and amending administrative rules and regulations governing the details of the operation and use of the common areas and facilities.
[ 1965, c. 357, (NEW) .]
10. Restrictions. Such restrictions on and requirements respecting the use and maintenance of the units 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 units and of the common areas and facilities by the several unit owners.
[ 1965, c. 357, (NEW) .]
11. Amend bylaws. A provision that 75% of the unit owners may at any time modify or amend the bylaws, but that no amendment shall be contrary to the requirements of this section.
[ 1965, c. 357, (NEW) .]
12. Other provisions. Other provisions deemed necessary for the administration of the property consistent with this chapter.
[ 1965, c. 357, (NEW) .]
SECTION HISTORY
1965, c. 357, (NEW).