HF 362

as introduced - 87th Legislature (2011 - 2012) Posted on 02/03/2011 10:57am

A bill for an act
relating to real property; allowing common interest community unit owners to
obtain copies of association 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 records shall be made reasonably available for examination new text begin and copying
new text end by any unit owner or the unit owner's authorized agent, subject to the applicable statutes. new text begin
The association may charge the unit owner or the authorized agent a fee for providing
copies, not to exceed the actual cost of making or electronically transmitting the copies. new text end