(1) Subject to this Act, the bye-laws shall provide for—
(a) the nomination and election of a board of management;
(b) the method or removal from office of members of such board;
(c) the powers and duties of such board;
(d) the method of calling meetings of unit owners;
(e) the fixing of a quorum;
(f) the percentage of votes consistent with the provisions of this Act which shall be necessary to adopt decisions binding on all unit owners;
(g) the operation of the property; and
(h) the determination and collection of common expenses.
(2) The bye-laws may provide for the formulation and enforcement of such restrictions on and requirements respecting the use and maintenance of units and the use of all common property, not set out in the Declaration, as are designed to prevent unreasonable interference with the use of their respective units and of the common property by the several unit owners and may restrict the user of certain parts of the common property exclusively to certain units.
(3) Bye-laws shall not be added to, amended or repealed except by special resolution and any such addition, amendment or repeal shall not come into operation unless and until lodged for record in the Register as an amendment of the relevant Declaration.
(4) Save as may otherwise be specifically provided by the bye-laws contained in a declaration the bye-laws set out in the Schedule have effect in relation to the property to which that declaration relates.