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     306.40 Secretary's annual report. 


    When a care and improvement fund is in the care of a board 
 of trustees, the secretary of the association shall be its 
 secretary and keep a full record of its proceedings.  The board, 
 on November 1 each year, shall make a full report of the 
 condition of the fund to the trustees of the association.  The 
 report must be open to the inspection of all lot owners.  


    HIST: (7594) RL s 2959; 1988 c 469 art 5 s 1

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Revisor of Statutes