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HF 362

2nd Engrossment - 87th Legislature (2011 - 2012) Posted on 03/25/2011 08:40am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - 2nd Engrossment

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A bill for an act
relating to real property; allowing common interest community unit owners
to obtain copies of association records; specifying access to and charges for
copying records; amending Minnesota Statutes 2010, section 515B.3-118.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2010, section 515B.3-118, is amended to read:


515B.3-118 ASSOCIATION RECORDS.

The association shall keep adequate records of its membership, unit owners
meetings, board of directors meetings, committee meetings, contracts, leases and
other agreements to which the association is a party, and material correspondence and
memoranda relating to its operations. The association shall keep financial records
sufficiently detailed to enable the association to comply with sections 515B.3-106(b)
and 515B.4-107. All recordsnew text begin, except records relating to information that was the basis
for closing a board meeting under section 515B.3-103, paragraph (g),
new text end shall be made
reasonably available for examination by any unit owner or the unit owner's authorized
agent, subject to the applicable statutes.new text begin The association must provide copies in paper
or electronic form as requested by the owner or authorized agent, provided that the
association is not required to provide copies in electronic form if the records are not
maintained in that form by the association. The association may require the unit owner or
the authorized agent to pay a fee for copies, which must not exceed:
new text end

new text begin (1) the actual costs of making or electronically transmitting the copies and searching
for and retrieving the requested records, including the cost of agent or employee time
for responding to the request; or
new text end

new text begin (2) if 100 or fewer pages of black and white, letter or legal size paper copies are
requested, no more than 25 cents for each page copied, instead of actual costs.
new text end