It is not illegal to request copy of keys, meaning that the board is allowed to have in their bylaws a requirement that all occupants provide a copy of the key. This is not uncommon, for if a person is not available and there is an emergency (ie leaking water) the board will be able to access the unit.
The board is under a fiduciary duty in regards ***** ***** the key, and can only use it for the expressed purposes as contained in the bylaws (ie emergency situations).
You can request to see a copy of the rule that authorizes this; if there is no such rule then one would not need to comply with the request.
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Information provided is for educational purposes only. Consultation with a personal attorney is always recommended so your particular facts may be considered. Thank you and take care.