§514B-153 
Association records; records to be maintained.  (a)  An accurate copy of the declaration,
bylaws, house rules, if any, master lease, if any, a sample original conveyance
document, all public reports and any amendments thereto, shall be kept at the
managing agent's office.



(b)  The
managing agent or board 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 shall
also keep monthly statements indicating the total current delinquent dollar
amount of any unpaid assessments for common expenses.



(c) 
Subject to section 514B‑152, 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.



(d)
 The developer or affiliate of the developer, board, and managing agent
shall ensure that there is a written contract for managing the operation of the
property, expressing the agreements of all parties, including but not limited
to financial and accounting obligations, services provided, and any
compensation arrangements, including any subsequent amendments.  Copies of the
executed contract and any amendments shall be provided to all parties to the
contract.



(e)  The managing agent, resident manager, or board shall keep an
accurate and current list of members of the association and their current
addresses, and the names and addresses of the vendees under an agreement of
sale, if any.  The list shall be maintained at a place designated by the board,
and a copy shall be available, at cost, to any member of the association as provided
in the declaration or bylaws or rules and regulations or, in any case, to any
member who furnishes to the managing agent or resident manager or the board a
duly executed and acknowledged affidavit stating that the list:



(1)  Will be used
by the owner personally and only for the purpose of soliciting votes or
proxies, or for providing information to other owners with respect to
association matters; and



(2)  Shall not be
used by the owner or furnished to anyone else for any other purpose.



A board may
prohibit commercial solicitations.



(f)  The
managing agent or resident manager shall not use or distribute any membership
list, including for commercial or political purposes, without the prior written
consent of the board.



(g)  All
membership lists are the property of the association and any membership lists
contained in the managing agent's or resident manager's records are subject to
subsections (e) and (f), and this subsection.  A managing agent, resident
manager, or board may not use the information contained in the lists to create
any separate list for the purpose of evading this section.



(h) 
Subsections (f) and (g) shall not apply to any time share plan regulated under
chapter 514E. [L 2004, c 164, pt of §2; am L 2007, c 243, §2]