Ch. 382                                   2004 LAWS OF MARYLAND

(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)     (1) [Every record] EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS
SUBSECTION, ALL BOOKS AND RECORDS, 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 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.

(2) BOOKS AND RECORDS KEPT BY OR ON BEHALF OF A COUNCIL OF
UNIT OWNERS MAY BE WITHHELD FROM PUBLIC INSPECTION TO THE EXTENT THAT
THEY CONCERN:

(I)      PERSONNEL RECORDS;

(II)     AN INDIVIDUAL'S MEDICAL RECORDS;
(HI) AN INDIVIDUAL'S FINANCIAL RECORDS;

(IV)    RECORDS RELATING TO BUSINESS TRANSACTIONS THAT ARE
CURRENTLY IN NEGOTIATION;

(V)     THE WRITTEN ADVICE OF LEGAL COUNSEL; OR

(VI)    MINUTES OF A CLOSED MEETING OF THE BOARD OF
DIRECTORS OR OTHER GOVERNING BODY OF THE COUNCIL OF UNIT OWNERS.

(D) THE COUNCIL OF UNIT OWNERS MAY IMPOSE A REASONABLE CHARGE
UPON A PERSON DESIRING TO REVIEW OR COPY THE BOOKS AND RECORDS.

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) An individual's financial records;

(iv) Records relating to business transactions that are currently in
negotiation; [or]

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