By Laws

A corporation's bylaws outline how the affairs of the corporation are conducted. Essentially, bylaws serve as rules among the members. The bylaws delineate the powers and duties of the governing body and define the responsibilities of each office. Bylaws may also explain voting and election procedures, terms of office, and any other information the corporation deems relevant. Bylaws may not contradict information provided in the certificate of incorporation, but may supplement it. Bylaws are not filed with the Secretary of State and are not recorded. They can be repealed, altered, amended or supplemented according to the terms stated in the bylaws.

 

The developer may or may not enact bylaws prior to transferring control of the maintenance corporation to the homeowners. When the homeowners take control of the maintenance corporation, the governing body should review any existing bylaws to see if changes would be beneficial to the running of the corporation. If bylaws do not exist or cannot be located, the governing body should create bylaws. Sample bylaws are available through the Office of Community Governing.

​

Odessa National Maintenance Corporation Master Declaration

​

Odessa National Maintenance Corporation ByLaws