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Association records - 68 Pa. Cons. Stat. § 5316

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     § 5316.  Association records.
        (a)  Financial records.--The association shall keep financial
     records sufficiently detailed to enable the association to
     comply with section 5407 (relating to resales of units). All
     financial and other records shall be made reasonably available
     for examination by any unit owner and authorized agents.
        (b)  Annual financial statements.--Within 180 days after the
     close of its fiscal year, the association in any planned
     community having more than 12 units or subject to any rights
     under section 5215 (relating to subdivision or conversion of
     units) or 5211 (relating to conversion and expansion of flexible
     planned communities) shall prepare annual financial statements
     consisting of at least a balance sheet and a statement of
     revenues and expenses for the association. The cost of preparing
     the financial statements shall be a common expense. Each unit
     owner shall be entitled to receive from the association, within
     30 days after submitting a written request to the association, a
     copy of the annual financial statements and, if such financial
     statements are audited, reviewed or compiled by an independent
     certified public accountant or independent public accountant, a
     copy of the independent accountant's report on the financial
     statements. The association may charge a fee not to exceed the
     cost of producing copies of records other than the financial
     statement.
        (c)  Filing of complaints.--If an association subject to
     subsection (a) fails to provide a copy of the annual financial
     statements and, if applicable, the report of an independent
     accountant as required under subsection (b) to the requesting
     unit owner within 30 days of the unit owner's written request or
     if the financial records of the association which substantiate
     an association's financial statements are not made reasonably
     available by any association for examination by any unit owner
     and authorized agents, the unit owner may file a complaint with
     the Bureau of Consumer Protection in the Office of Attorney
     General.

        Cross References.  Section 5316 is referred to in section
     5102 of this title.

Last modified: November 27, 2007