§514A-46 Investigatory powers. If the commission has reason to believe that any person is violating or has violated section 514A-2, 514A-31 to 514A-49, 514A-61 to 514A-63, 514A-65, 514A-67, 514A-68, 514A-70, 514A-83.5, 514A-84, 514A-85, 514A-95, 514A-95.1, 514A-97, 514A-98, 514A-134, or 514B-72, or the rules of the commission adopted pursuant thereto, the commission may conduct an investigation of the matter and examine the books, accounts, contracts, records, and files of the association of apartment owners, the board of directors, the managing agent, the real estate broker, the real estate salesperson, the purchaser, or the developer. For the purposes of this examination, the developer and the real estate broker shall keep and maintain records of all sales transactions and of the funds received by the developer and the real estate broker pursuant thereto, and shall make the records accessible to the commission upon reasonable notice and demand. [L 1977, c 98, pt of §2; am L 1984, c 58, §2 and c 213, §3; gen ch 1985; am L 1989, c 297, §4; am L 1990, c 54, §2; am L 1991, c 44, §16; am L 1992, c 173, §3; am L 1996, c 106, §1; am L 2009, c 129, §4]
Note
Sections 514A-2, 514A-83.5, 514A-84, 514A-85, 514A-95, 514A-95.1, 514A-97, and 514A-98 referred to in text are repealed.
Section: Previous 514a-39.5 514a-40 514a-41 514a-42 514a-43 514a-44 514a-45 514a-46 514a-47 514a-48 514a-49 514a-50 514a-61 514a-62 514a-63 NextLast modified: October 27, 2016