Article 1120

The by-laws must contain:

a provision indicating which debts and expenses are borne by the apartment owners;

provisions regarding the drafting of an annual revenue and expense account for the preceding year and the contributions to be made by the apartment owners;

provisions regarding the use, management and maintenance of the portions which are not intended to be used as separate units;

a provision indicating who must take out insurance on the building for the benefit of the apartment owners and against which risks; and

the foundation of an association of owners the purpose of which it is to look after the common interests of the apartment owners, and the statutes of the association.

The statutes of the association of owners must contain:

the name of the association and of the place where it has its principal place of business;

the purpose of the association;

provisions regarding amounts which the apartment owners owe to the association, and which are payable periodically but at least annually; and

the manner of calling the general meeting and the determination of the number of votes which each of the apartment owners may cast in the meeting.

The by-laws may contain provisions pursuant to which the membership of another association, more fully described in the by-laws, is attached to all or certain apartment rights, to the extent that this membership is in conformity with the statutes of that association.

The by-laws may contain provisions regarding the use, management and maintenance of the portions which are intended to be used as separate units. Such provisions may determine that the association of owners has the power to deny the use of these portions to an apartment owner, or the person who exercises the latter's rights, for serious reasons, more fully set out in the by-laws.