                                 CODE OF VIRGINIA

BYLAWS TO BE RECORDED WITH DECLARATION; CONTENTS; UNIT OWNERS&#8217;
ASSOCIATION; EXECUTIVE BOARD; AMENDMENT OF BYLAWS (§ 55.1-1940)

A. Bylaws providing for governance of the condominium by an association of all
of the unit owners shall be recorded simultaneously with the declaration. The
unit owners&#8217; association may be incorporated.

B. The bylaws shall provide whether or not the unit owners&#8217; association
shall elect an executive board. If there is to be such a board, the bylaws shall
specify the powers and responsibilities of the board and the number and terms of
its members. Except to the extent the condominium instruments provide otherwise,
any vacancy occurring in the executive board shall be filled by a vote of a
majority of the remaining members of the executive board at a meeting of the
executive board, even though the members of the executive board present at such
meeting may constitute less than a quorum because a quorum is impossible to
obtain. Each person so elected shall serve until the next annual meeting of the
unit owners&#8217; association at which time a successor shall be elected by a
vote of the unit owners. The bylaws may delegate to such board, inter alia, any
of the powers and responsibilities assigned by this chapter to the unit
owners&#8217; association. The bylaws shall also specify which, if any, of its
powers and responsibilities the unit owners&#8217; association or its executive
board may delegate to a managing agent.

C. The bylaws may provide for arbitration of disputes or other means of
alternative dispute resolution in accordance with subsection C of &#xA7;
55.1-1915.

D. In any case where an amendment to the declaration is required by subsection
B, C, or D of &#xA7; 55.1-1918, the person required to execute such amendment
shall also prepare and execute, and record simultaneously with such amendment,
an amendment to the bylaws. The amendment to the bylaws shall allocate votes in
the unit owners&#8217; association to new units on the same basis as was used
for the allocation of such votes to the units depicted on plats and plans
recorded pursuant to subsections A and B of &#xA7; 55.1-1920 or shall abolish
the votes appertaining to former units, as appropriate. The amendment to the
bylaws shall also reallocate rights to future common surpluses, and liabilities
for future common expenses not specially assessed, in proportion to relative
voting strengths as reflected by the amendment.

HISTORY: 1974, c. 416, § 55-79.73; 1978, c. 332; 1993, c. 667; 1998, c. 32;
2012, c. 758; 2019, c. 712; 2020, c. 592.