If the Board has reason to believe that a developer is violating any provision set forth in §§ 55-79.16 to 55-79.29, or the rules and regulations of the Board made pursuant thereto, the Board may investigate the developer's project and examine the books, accounts, records and files used in the project of the developer. For the purposes of examination, the developer is required to keep and maintain records of all sales transactions and of the funds received by him pursuant thereto, and to make them accessible to the Board upon reasonable notice and demand.
1962, c. 627, § 29.
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