ROBERT L. EHRLICH, JR., Governor                            S.B. 567

copying by certain persons except under certain circumstances; authorizing a
cooperative housing corporation to impose a reasonable charge upon a person
desiring to review or copy the books and records; authorizing a council of unit
owners of a condominium to withhold books and records kept by or on behalf of
the council of unit owners from public inspection under certain circumstances;
authorizing a council of unit owners of a condominium to impose a reasonable
charge on a person desiring to review or copy the books and records; altering the
kinds of books and records a homeowners association may withhold from public
inspection under certain circumstances; and generally relating to the books and
records of cooperative housing corporations, condominiums, and homeowners
associations.

BY adding to

Article - Corporations and Associations

Section 5-6B-18.3

Annotated Code of Maryland

(1999 Replacement Volume and 2003 Supplement)

BY repealing and reenacting, with amendments,
Article - Real Property
Section 11-116 and 11B-112
Annotated Code of Maryland
(2003 Replacement Volume and 2003 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Corporations and Associations

5-6B-18.3.

(A) (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS SUBSECTION, ALL
BOOKS AND RECORDS KEPT BY OR ON BEHALF OF A COOPERATIVE HOUSING
CORPORATION SHALL BE MADE AVAILABLE FOR EXAMINATION AND COPYING BY A
MEMBER, A MEMBER'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 COOPERATIVE
HOUSING CORPORATION 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;

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