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SF 3675

as introduced - 91st Legislature (2019 - 2020) Posted on 02/27/2020 03:27pm

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

Current Version - as introduced

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A bill for an act
relating to real property; common interest ownership communities; authorizing
access to association records in certain cases; amending Minnesota Statutes 2018,
section 515B.3-118.


Section 1.

Minnesota Statutes 2018, section 515B.3-118, is amended to read:


new text begin (a) new text endThe 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, except
records relating to information that was the basis for closing a board meeting under section
515B.3-103, paragraph (g), shall be made reasonably available for examination by any unit
owner or the unit owner's authorized agent, subject to the applicable statutes. 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:

(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

(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 begin (b) For purposes of paragraph (a), a "unit owner" includes any person that is required
by a declaration or other similar instrument to pay fees to the association.
new text end