Record Inspection
Cal. CIV § 5240
California Statutes
(
a) As applied to an association and its members, the provisions of this
article are intended to supersede the provisions of Sections and of the Corporations Code to the extent those sections are inconsistent. (
b) Except as provided in subdivision (a), members of the association shall have access to association records, including accounting books and records and membership lists, in accordance with
Article 3 (commencing with
Section 8330) of
Chapter of Part of Division of Title of the Corporations Code. (
c) This
article applies to any community service organization or similar entity that is related to the association, and to any nonprofit entity that provides services to a common interest development under a declaration of trust. This
article shall operate to give a member of the organization or entity a right to inspect and copy the records of that organization or entity equivalent to that granted to association members by this article. (
d) This
article shall not apply to any common interest development in which separate interests are being offered for sale by a subdivider under the authority of a public report issued by the Bureau of Real Estate so long as the subdivider or all subdividers offering those separate interests for sale, or any employees of those subdividers or any other person who receives direct or indirect compensation from any of those subdividers, comprise a majority of the directors. Notwithstanding the foregoing, this
article shall apply to that common interest development no later than years after the close of escrow for the first sale of a separate interest to a member of the general public pursuant to the public report issued for the first phase of the development.