Davis-stirling Act

Civil Code Section 5375.5. Manager Conflict of Interest Disclosure.

*Note – This section will not become operative until January 1, 2018. For more information, see AB 690

A common interest development manager or common interest development management firm shall disclose, in writing, any potential conflict of interest when presenting a bid for service to an association’s board of directors. “Conflict of interest,” for purposes of this section, means:

(a) Any referral fee or other monetary benefit that could be derived from a business or company providing products or services to the association.

(b) Any ownership interests or profit-sharing arrangements with service providers recommended to, or used by, the association.