2788

LAWS OF MARYLAND

Ch. 525

(i) The insurance proceeds attributable to the
damaged GENERAL common elements shall be used to restore the
damaged area to a condition compatible with the remainder of the
condominium;

(ii) The insurance proceeds attributable to
units and limited common elements which are not rebuilt shall be
distributed to the owners of those units and the owners of the
units to which those limited common elements were assigned; and

(iii) The remainder of the proceeds shall be
distributed to all the unit owners in proportion to their [common
element interest.] PERCENTAGE INTEREST IN THE COMMON ELEMENTS.

11-116.

(a)  The council of unit owners shall keep books and records
in accordance with good accounting practices on a consistent
basis.

(b)  On the request of the unit owners of at least 5 percent
of the units, THE COUNCIL OF UNIT OWNERS SHALL CAUSE an audit OF
THE BOOKS AND RECORDS TO BE MADE by an independent certified
public accountant, PROVIDED AN AUDIT shall be made not more than
once in any consecutive 12-month period. The cost of the audit
shall be a common expense.

(c)  Every record, including insurance policies, kept by the
council of unit owners shall be maintained in Maryland or within
50 miles of its borders and shall be available at some place
designated by the [board] COUNCIL OF UNIT OWNERS within the
county where the condominium is located for examination and
copying by any unit owner, his mortgagee, and their respective
duly authorized agents or attorneys, during normal business
hours, and after reasonable notice.

(c) Except in proportion to his percentage interest in the
[common elements,] COMMON EXPENSES AND PROFITS a unit owner
personally is not liable (1) for damages as a result of injuries
arising in connection with the common elements solely by virtue
of his ownership of a percentage interest in the common elements;
or (2) for liabilities incurred by the council of unit owners.
On payment by any unit owner of his proportionate amount of any
judgment resulting from that liability, the unit owner is
entitled to a recordable release of his unit from the lien of the
judgment and the council of unit owners is not entitled to assess
his unit for payment of the remaining amount due.

11-125.

(f) The declaration or bylaws may give the council of unit
owners authority to grant specific easements, rights of way,