§514A-85 
Records; examination; disposal. 
(a)  The managing agent or board of directors shall keep detailed, accurate
records in chronological order, of the receipts and expenditures affecting the
common elements, specifying and itemizing the maintenance and repair expenses
of the common elements and any other expenses incurred.  The managing agent or
board of directors shall also keep monthly statements indicating the total
current delinquent dollar amount of any unpaid assessments for common expenses.



(b)  All
records and the vouchers authorizing the payments and statements shall be kept
and maintained at the address of the project, or elsewhere within the State as
determined by the board of directors.



(c)  A
managing agent employed or retained by one or more condominium associations may
dispose of the records of any condominium  association which are more than five
years old without liability if the managing agent first provides the board of
directors of the condominium association affected with written notice of the
managing agent's intent to dispose of the records if not retrieved by the board
of directors within sixty days, which notice shall include an itemized list of
the records which the managing agent intends to dispose of.



(d)  No
person shall knowingly make any false certificate, entry, or memorandum upon
any of the books or records of any managing agent or association.  No person
shall knowingly alter, destroy, mutilate, or conceal any books or records of a
managing agent or association. [L 2007, c 244, pt of §2]