NY State — NY Real Property Law

§ 339-W — SECTION 339-W Books of receipts and expenditures; availability for examination

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Statute text reproduced from nysenate.gov. Not attorney-reviewed for your situation — for reference only.

What is NY RPL § 339-W?

Quick Answer

This section requires the manager or board of managers to maintain detailed records of receipts and expenditures related to property operations. These records must be available for examination by unit owners during convenient hours on weekdays. It also mandates an annual written report summarizing these financial details to all unit owners.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 339-W SECTION 339-W Books of receipts and expenditures; availability for examination

RPL § 339-W

§ 339-w. Books of receipts and expenditures; availability for examination. The manager or board of managers, as the case may be, shall keep detailed, accurate records, in chronological order, of the receipts and expenditures arising from the operation of the property. Such records and the vouchers authorizing the payments shall be available for examination by the unit owners at convenient hours of weekdays. A written report summarizing such receipts and expenditures shall be rendered by the board of managers to all unit owners at least once annually.

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