Sec. 42-103aaa. Books and records.
132 words·~1 min read·
/ct/title-42/chapter-734b-time-shares/42-103aaa·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A developer or managing entity, on written request by an owner, shall make available for examination at its registered office or principal place of business and at any reasonable time or times the relevant books and records relating to the collection and expenditure of assessments.
(b)A developer or managing entity shall maintain in its records a copy of each purchase contract for an accommodation sold by the developer for a time share period unless the contract has been canceled. If a sale of the time share estate is pending, the developer shall retain a copy of the contract until a deed of conveyance, agreement for deed or lease is recorded in the real property records of the town, county or other jurisdiction in which the time share property is located.