Application of ORS 94.670 (5)
The requirements of ORS 94.670 (Association duty to keep documents and records) (5) first apply:
(1) Commencing with the fiscal year following the turnover meeting required by ORS 94.616 (Turnover meeting) for the association of a planned community created under ORS 94.550 (Definitions for ORS 94.550 to 94.783) to 94.783 (When certain administrative provisions apply).
(2) Commencing with the fiscal year following the year in which owners assume responsibility for administration of a planned community described in ORS 94.572 (Applicability of certain provisions of ORS 94.550 to 94.783 to Class I or Class II planned communities). [2003 c.803 §24; 2009 c.641 §38; 2015 c.27 §8]
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