46:8A-15. Necessary contents of by-laws; modification of system; recordation
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/nj/title-46/chapter-8a/46-8a-15A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bylaws must necessarily provide for at least the following:
(a)Form of administration, indicating whether this shall be in charge of an administrator or of a board of administration, or otherwise, and specifying the powers, manner of removal, and, where proper, the compensation thereof.
(b)Provisions for notices of meetings of coowners containing a statement of the purpose of the meeting; method of notifying and calling or summoning the coowners to assemble; that all decisions, including decisions involving capital expenditures, shall require the affirmative vote of at least a majority of the coowners of the property; 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 each building and the general and limited common elements and services of each building.
(d)Manner of collecting from the coowners for the payment of the common expenses.
(e)Designation and dismissal of the personnel necessary for the works and the general and limited common services of each building.
The sole owner of the property, or, if there be more than one, a majority of the coowners of the property, may at any time modify the system of administration, but each one of the particulars set forth in this section shall always be embodied in the bylaws. No such modification may be operative until it is embodied in a recorded instrument which shall be recorded in the same office and in the same manner as was the master deed and original bylaws of the horizontal property regime involved.
L.1963, c. 168, s. 15. Amended by L.1978, c. 124, s. 6, eff. Oct. 5, 1978.