WILLIAM DONALD SCHAEFER, Governor                     Ch. 82

(i) An action may not be taken and a matter may
not be discussed if it is not permitted by paragraph [(2)] (3) of
this section; and

(ii) A statement of the time, place, and
purpose of a closed meeting, the record of the vote of each board
or committee member by which the meeting was closed, and the
authority under this section for closing a meeting shall be
included in the minutes of the next meeting of the board of
directors or the committee of the homeowners association.

[11B-111.] 11B-112.

(a)  (1) Subject to the provisions of paragraph (2) of this
subsection, all books and records kept by or on behalf of the
homeowners association shall be made available for examination
and copying by a lot owner, a lot owner's mortgagee, and their
respective duly authorized agents or attorneys, during normal
business hours, and after reasonable notice.

(2) Books and records kept by or on behalf of a
homeowners association may be withheld from public inspection to
the extent that they concern:

(i) Personnel records;

(ii) An individual's medical records;

(iii) Records relating to business transactions
that are currently in negotiation; or

(iv) The written advice of legal counsel.

(b)  The homeowners association may impose a reasonable
charge upon a person desiring to review or copy the books and
records.

(C) (1) EACH HOMEOWNERS ASSOCIATION THAT WAS IN EXISTENCE
ON JUNE 30, 1987 SHALL DEPOSIT IN THE DEPOSITORY BY DECEMBER 31,
1988, AND EACH HOMEOWNERS ASSOCIATION ESTABLISHED SUBSEQUENT TO
JUNE 30, 1987 SHALL DEPOSIT IN THE DEPOSITORY BY THE LATER OF THE
DATE 30 DAYS FOLLOWING ITS ESTABLISHMENT, OR DECEMBER 31, 1988,
ALL DISCLOSURES, CURRENT TO THE DATE OF DEPOSIT, SPECIFIED:

(I)  BY § 11B-105(B) OF THIS TITLE EXCEPT FOR
THOSE DISCLOSURES REQUIRED BY PARAGRAPHS (6)(I), (8), (9), AND
(12);

(II)  BY § 11B-106(B) OF THIS TITLE EXCEPT FOR
THOSE DISCLOSURES REQUIRED BY PARAGRAPHS (1), (2), (4), AND
(5)(I); AND

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