Article 21. Powers of the general meeting

The general meeting:

determines the method of managing the multi-apartment house;

adopts a decision on concluding a contract with a legal or physical person for the management, maintenance, and repair of common property on a competitive basis;

adopts a decision on obtaining credits from commercial banks;

exercises control over the activity of management bodies of multi-apartment houses;

establishes the procedure for reporting of management bodies of multi-apartment houses.

To adopt a decision at the general meeting, more than fifty percent of all owners of premises or their representatives must be present. A decision of the general meeting is considered adopted if more than fifty percent of the owners of premises or their representatives present at the general meeting voted for it.

The decision of the general meeting is formalized by a protocol. The protocol is signed by the chairman and secretary of the meeting, elected from among the owners of premises. A list of persons who participated in the meeting is attached to the protocol, reflecting their expression of will on each of the discussed issues, certified by their signatures.

The decision of the general meeting is mandatory for execution by all owners of premises, including those who did not take part in the voting or voted against.