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Current as of March 28, 2024 | Updated by Findlaw Staff
(a) The administration of every building constituted into horizontal property shall be governed by bylaws which shall be inserted in, or appended to, and recorded with the master deed.
(b) The bylaws must necessarily provide for at least the following:
(1) 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;
(2) Method of calling or summoning the co-owners to assemble, that a majority of at least fifty-one percent (51%) 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;
(3) Care, upkeep, and surveillance of the building and its general or limited common elements and services;
(4) Manner of collecting from the co-owners for the payment of the common expenses; and
(5) Designation and dismissal of the personnel necessary for the works and the general or limited common services of the building.
(c)(1) A horizontal property regime may enter into a partnership with a private actor as provided by § 14-96-201 et seq. to:
(A) Contract for, or provide, promote, and support broadband internet service through, a public-private partnership under § 14-96-201 et seq.; and
(B) Finance public capital facilities or projects that include broadband internet service.
(2) A horizontal property regime in existence on and after January 1, 2021, may conduct any of the activities in subdivision (c)(1) of this section using the procedures to adopt decisions under the bylaws of the horizontal property regime.
Cite this article: FindLaw.com - Arkansas Code Title 18. Property § 18-13-108. Administration--By-laws - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-18-property/ar-code-sect-18-13-108/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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