(a) The association shall keep financial records sufficiently detailed to enable the association to comply with Alaska Stat. § 34.08.590. Financial and other records must be made reasonably available for examination by a unit owner and an authorized agent of a unit owner.
contract signature

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Terms Used In Alaska Statutes 34.08.490

  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
(b) A professional manager, managing agent, accountant, or other person with whom the association has contracted for services shall return all association records within five days of the termination of the contract. If the association records are not returned within five days, the association may sue for their return and for damages.
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