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  •   «   Civil Code Section 5501. Financial Review Between Board Meetings.
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Davis-stirling Act

Civil Code Section 5501. Financial Review Between Board Meetings.

The review requirements of Section 5500 may be met when every individual member of the board, or a subcommittee of the board consisting of the treasurer and at least one other board member, reviews the documents and statements described in Section 5500 independent of a board meeting, so long as the review is ratified at the board meeting subsequent to the review and that ratification is reflected in the minutes of that meeting.

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Related Topics

  • Financial Statement
  • Financial Review Requirements
  • Executive Committees
  • Open Meetings & Open Session

Related Statutes

  • SB-546 (Grayson) Common interest developments: accounting.
  • AB 2912 (Irwin) Association finances.
  • Civil Code Section 5500. Board Review of Association Finances.

Related Links

AB 2912 Signed! Significant Changes to HOA Financial Review and Insurance Requirements
Published on HOA Lawyer Blog (September 20, 2018)

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Previous PostCivil Code Section 4745.1. Electric Vehicle Dedicated TOU Meters.Next PostCivil Code Section 5502. Board Authorization of Financial Transfers.
  • Davis-Stirling Act
  • Chapter 1. General Provisions
  • Chapter 2. Application of Act
  • Chapter 3. Governing Documents
  • Chapter 4. Ownership & Transfer of Interests
  • Chapter 5. Property Use & Maintenance
  • Chapter 6. Association Governance
  • Chapter 7. Finances
  • Chapter 8. Assessments & Assessment Collection
  • Chapter 9. Insurance & Liability
  • Chapter 10. Dispute Resolution & Enforcement
  • Chapter 11. Construction Defect Litigation
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