Bylaws

An HOA, which is typically set up as a nonprofit corporation, is an organization established to manage a private, planned community. Like other corporations, the HOA is governed by a board of directors who are elected by the members and a set of rules called bylaws.

The bylaws govern how the HOA operates and contain the information needed to run the HOA as a business. For example, the bylaws cover matters such as:

• How often the HOA holds meetings
• How the meetings are conducted
• The duties of the various offices of the board of directors
• How many people are on the board, and
• Membership voting rights

Reference: Nolo Legal Encyclopedia