A A A + | -

Article 67. External Audit of the Association

(1) If the association has not been subjected to an external audit in the last two financial years, any three owners (hereinafter referred to as initiating owners) may enter into a contract for the audit of the association or certain areas of its activities. Only the initiating owners directly cover the audit firm’s remuneration and related audit expenses.

(2) From the date the association’s administrator receives the initiating owners’ request for collaboration with the auditor, attached with a copy of the contract with the auditor, the association’s administrator and other bodies of the association are bound to fully cooperate with the auditor.

(3) The audit report and supplementary reports are presented to the initiating owners and the association. The association is required to distribute a copy of the report to all owners and other bodies of the association, if any.

(4) The general meeting makes the final decision to reimburse the audit expenses to the initiating owners or to refuse reimbursement.

LPA C civ, art. 29 [Statutory Building Right over Public Rent and Royalty]

Article 100. Making of Registrations and Notations