(a) General rule.--During the period of declarant control, the association shall keep detailed financial records, including without limitation, a record of expenses paid by the declarant until the commencement of common expense assessments by the association under section 4314(a) (relating to assessments for common expenses), the commencement date of common expense assessments by the association and, for the period commencing on such date, a record for each cooperative interest in the cooperative, including those owned by the declarant, of the common expense assessments and the payment thereof.
(b) Sufficiency and examination of records.--The association shall keep financial records sufficiently detailed to enable the association to comply with section 4409 (relating to resales of cooperative interests). All financial and other records shall be made reasonably available for examination by any proprietary lessee and his authorized agents.
Cross References. Section 4317 is referred to in sections 4102, 4103, 4314, 4323 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 68 - REAL AND PERSONAL PROPERTY
Chapter 43 - Management of Cooperatives
Section 4301 - Organization of association
Section 4302 - Powers of association
Section 4303 - Executive board members and officers
Section 4304 - Transfer of special declarant rights
Section 4305 - Termination of contracts and leases of declarant
Section 4307 - Upkeep of cooperative
Section 4310 - Voting; proxies
Section 4311 - Tort and contract liability
Section 4312 - Conveyance or encumbrance of cooperative
Section 4314 - Assessments for common expenses
Section 4315 - Lien for assessments
Section 4316 - Other liens affecting cooperative
Section 4317 - Association records
Section 4318 - Association as trustee
Section 4319 - Termination of cooperative interest
Section 4320 - Declarant delivery of items to association
Section 4321 - Limited equity cooperatives
Section 4322 - Alternative dispute resolution in cooperatives
Section 4323 - Complaints filed with Bureau of Consumer Protection