DELIVERY OF FINANCIAL STATEMENTS
TO MEMBERS

Delivery Required. A copy of the review of the financial statement shall be distributed to the membership within 120 days after the close of each fiscal year. Civil Code §1365(c))

Method of Delivery. As provided for in Civil Code §1350.7, boards cannot merely notify members that the report is available, they must physically deliver the report to the membership by one of the following methods:

• Personal delivery
• First-class mail
• E-mail, facsimile, or other electronic means, if the recipient has agreed to that method of delivery 
• By publication in a periodical that is circulated primarily to members of the association
• By television programming
• A method of delivery provided in a recorded provision of the governing documents
• Any other method of delivery, provided that the recipient has agreed to that method of delivery

Updated by ADAMS KESSLER 8/9/2008