According to Minnesota law, what is required regarding association records?

The requirement that association records must be available for inspection by unit owners is critical in promoting transparency and accountability within a homeowners' association (HOA) or cooperative. This provision in Minnesota law assures that unit owners can access important documents related to the management of their association, such as financial statements, meeting minutes, and governing documents.

This access allows unit owners to stay informed about the decisions being made by the board and to hold it accountable for its management choices. Ensuring that unit owners have this right aligns with the principles of good governance in community associations, fostering trust and cooperation among residents and their leadership.

Furthermore, while confidentiality may apply to certain sensitive information, such as personal data, the general operational and financial records of the association must be open for review by unit owners as a way to promote transparency. Regular inspection of these records is crucial for those who are invested in the association, as it provides them with insight into how their contributions are being managed and how the associations are functioning overall.

Thus, by making records available for inspection, the law upholds the rights of unit owners and encourages a responsible and informed community.