HAR §16-119.7-2. 16-119

7-2 Managing agent; bookkeeper; accountant. (a) Unless otherwise specifically prohibited by law, the declaration, or bylaws, an association may contract with an independent bookkeeper or accountant to assist with maintaining the association's fiscal records provided the independent bookkeeper or accountant: (1) Is not an employee of the association; (2) Does not have access to association funds; (3) Does not manage the operation of the project's property; and (4) Is not within the definition of managing agent pursuant to sections 514B-3 and 514B- 13 2 ( 1 ) ( B) , HRS . (b) An association contracting with a bookkeeper or accountant in the manner provided by this section shall initially and annually adopt a resolution stating that the board is aware, acknowledges, and accepts that the independent bookkeeper or accountant: (1) Is not a currently registered managing agent pursuant to section 514B-132, HRS; (2) Has or has no fidelity bond; (3) ( 4) Does not have access to association funds, including receipt or deposit of funds (including checks) or signature authority on association fund accounts; and Does not manage the operation of the project's property. The resolution shall be executed by the association's board and attached to the association's biennial registration application. The association's registration will be considered incom2lete if the resolution is not attached. [Eff MAH 26 2026 ] (Auth: HRS §514B-61) (Imp: HRS §§514B-3, 514B-132)