1053. An act constituting the co-ownership defines the destination of the immovable, of the private portions and of the common portions.
The act also specifies the relative value of each fraction, indicating how that value was determined, the share of the common expenses and the number of votes attached to each fraction.
The act also specifies the respective powers and duties of the board of directors of the syndicate and of the general meeting of the co-owners and provides any other agreement regarding the immovable or its private or common portions, including any penal clause applicable for contravening the declaration of co-ownership.
1991, c. 64, a. 1053; I.N. 2014-05-01; 2019, c. 282019, c. 28, s. 3011b.