Section 100.415 - Contents of bylaws(1) The bylaws shall include a reference to the declaration to which the bylaws relate and shall provide for:(a) The organization of the association of unit owners in accordance with ORS 100.405, when the initial meeting must be held and the method of calling that meeting.(b) If required under ORS 100.205, the formation of a transitional committee in accordance with such section.(c) The turnover meeting required under ORS 100.210, including when the meeting must be called, the method of calling the meeting, the right of a unit owner under ORS 100.210(3) to call the meeting and a statement of the purpose of the meeting.(d)(A) The method of calling the annual meeting and all other meetings of the unit owners in accordance with ORS 100.407; and(B) The percentage of owners that constitutes a quorum under ORS 100.408.(e)(A) The election of a board of directors and the number of persons constituting the board;(B) The terms of office of directors;(C) The powers and duties of the board;(D) The compensation, if any, of the directors;(E) The method of removal from office of directors under ORS 100.417; and(F) The method of filling vacancies on the board.(f) The method of calling meetings of the board of directors in accordance with ORS 100.420 and a statement that all meetings of the board of directors of the association of unit owners must be open to unit owners.(g) The election of a chairperson or president, a secretary, a treasurer and any other officers of the association and any qualifications required of each officer.(h) The preparation and adoption of a budget in accordance with ORS 100.483.(i)(A) The maintenance, repair and replacement of the common elements and association property;(B) Payment for the expense of maintenance, repair and replacement of common elements and association property and other expenses of the condominium in accordance with ORS 100.530; and(C) The method of approving payment vouchers.(j) The employment of personnel necessary for the maintenance and repair of the common elements.(k) The manner of collecting assessments from the unit owners.(l) Insurance coverage in accordance with ORS 100.435 and the responsibility for payment of the amount of the deductible in an association insurance policy.(m) The preparation and distribution of the annual financial statement in accordance with ORS 100.480.(n) The reserve account and the preparation, review and update of the reserve study and the maintenance plan required under ORS 100.175.(o) The filing of an Annual Report and any amendment with the Real Estate Agency in accordance with ORS 100.250.(p) The method of adopting and of amending administrative rules and regulations governing the details of the operation of the condominium and use of the common elements.(q) Restrictions on and requirements respecting the enjoyment and maintenance of the units and the common elements as are designed to prevent unreasonable interference with the use of their respective units and of the common elements by the several unit owners.(r) Any restrictions on use or occupancy of units. Any such restrictions created by documents other than the bylaws may be incorporated by reference in the bylaws to the official records of the county in which the property is located.(s) The method of amending the bylaws in accordance with ORS 100.410 and 100.413.(t) Any other details regarding the property that the declarant considers desirable. However, if a provision required to be in the declaration under ORS 100.105 is included in the bylaws, the voting requirements for amending the declaration also govern the amendment of the provision in the bylaws.(u) In the event additional units are proposed to be annexed or created pursuant to ORS 100.125 or 100.150, the method of apportioning common expenses in the event new units are added during the course of the fiscal year.(2) The bylaws may provide that the responsibility for payment of the amount of the deductible may be prescribed by resolution adopted by the board of directors.Amended by 2019 Ch. 69,§ 16, eff. 1/1/2020.Formerly 94.158; 1995 c.31 §12; 1999 c.677 §48; 2001 c.756 §41; 2007 c. 409, § 30; 2009 c. 641, § 27