Verbatim from the public record. The law itself is a government work — always confirm the current version on the official source before you rely on it.
(a) An association shall retain the following:
(1) detailed records of receipts and expenditures affecting the operation and administration
of the association and other appropriate accounting records;
(2) minutes of all meetings of its unit owners and executive board other than executive
sessions, a record of all actions taken by the unit owners or executive board without
a meeting, and a record of all actions taken by a committee in place of the executive
board on behalf of the association;
(3) the names of unit owners in a form that permits preparation of a list of the names
of all owners and the addresses at which the association communicates with them, in
alphabetical order showing the number of votes each owner is entitled to cast;
(4) its original or restated organizational documents, if required by law other than this
title, bylaws and all amendments to them, and all rules currently in effect;
(5) all financial statements and tax returns of the association for the past three years;
(6) a list of the names and addresses of its current executive board members and officers;
(7) its most recent annual report delivered to the secretary of state;
(8) financial and other records sufficiently detailed to enable the association to comply
with section 4-109 of this title;
(9) copies of current contracts to which it is a party;
(10) records of executive board or committee actions to approve or deny any requests for
design or architectural approval from unit owners; and
(11) ballots, proxies, and other records related to voting by unit owners for one year
after the election, action, or vote to which they relate.
(b) Subject to subsections (c) and (d) of this section, all records retained by an association
must be available for examination and copying by a unit owner or the owner’s authorized
agent:
(1) during reasonable business hours or at a mutually convenient time and location; and
(2) upon five days’ notice in a record reasonably identifying the specific records of
the association requested.
(c) Records retained by an association may be withheld from inspection and copying to
the extent that they concern:
(1) personnel, salary, and medical records relating to specific individuals;
(2) contracts, leases, and other commercial transactions to purchase or provide goods
or services currently being negotiated;
(3) existing or potential litigation or mediation, arbitration, or administrative proceedings;
(4) existing or potential matters involving federal, State, or local administrative or
other formal proceedings before a governmental tribunal for enforcement of the declaration,
bylaws, or rules;
(5) communications with the association’s attorney that are otherwise protected by the
attorney-client privilege or the attorney work-product doctrine;
(6) information the disclosure of which would violate law other than this title;
(7) records of an executive session of the executive board; or
(8) individual unit files other than those of the requesting owner.
(d) An association may charge a reasonable fee for providing copies of any records under
this section and for supervising the unit owner’s inspection.
(e) A right to copy records under this section includes the right to receive copies by
photocopying or other means, including copies through an electronic transmission if
available upon request by the unit owner.
(f) An association is not obligated to compile or synthesize information.
(g) Information provided pursuant to this section may not be used for commercial purposes. (Added 1997, No. 104 (Adj. Sess.), § 3, eff. Jan. 1, 1999; amended 2009, No. 155 (Adj. Sess.), § 37, eff. Jan. 1, 2012.)