                                 CODE OF VIRGINIA

BOOKS AND RECORDS; INSPECTION; AUDIT (§ 55.1-2013)

The administrator, board of administration, or person appointed by the bylaws of
the regime shall keep a book with a detailed account of the receipts and
expenditures affecting the building and its administration and specifying the
maintenance and repair expenses of the common elements and any other expenses
incurred by or on behalf of the regime. Both the book and vouchers accrediting
the entries made in the book shall be available for examination by all the
co-owners during business hours that shall be set and announced for general
knowledge. All books and records shall be kept in accordance with good
accounting procedures and be audited at least once a year by an auditor outside
of the organization.

HISTORY: 1962, c. 627, § 12, § 55-79.12; 2019, c. 712.