North Carolina HOA Board: Open Meetings & Records (G.S. 47F-3-108, 47F-3-118)

G.S. 47F-3-108 requires that "a meeting of the association shall be held at least once each year," with notice "not less than 10 nor more than 60 days in advance" stating the time, place, and agenda, including proposed amendments, budget changes, and any removal of a director. At regular intervals, the board "shall provide lot owners an opportunity to attend a portion of an executive board meeting and to speak to the executive board about their issues or concerns," subject to reasonable limits. G.S. 47F-3-118 provides that "all financial and other records ... shall be made reasonably available for examination by any lot owner," and a statement of unpaid assessments must be furnished within 10 business days of a written request.

No specific statutory penalty. Owners enforce these procedural rights through the association's governing documents and, if necessary, civil action; failure to meet notice, meeting, or records requirements can expose board actions to challenge.