California Civil Code

§ 5375

CIV § 5375 Effective Jan 1, 2018Div. 4 · Part 5 · Ch. 6 · Art. 9

Statute text

A prospective managing agent of a common interest development shall provide a written statement to the board as soon as practicable, but in no event more than 90 days, before entering into a management agreement which shall contain all of the following information concerning the managing agent:

(a)The names and business addresses of the owners or general partners of the managing agent. If the managing agent is a corporation, the written statement shall include the names and business addresses of the directors and officers and shareholders holding greater than 10 percent of the shares of the corporation.

(b)Whether or not any relevant licenses such as architectural design, construction, engineering, real estate, or accounting have been issued by this state and are currently held by the persons specified in subdivision (a). If a license is currently held by any of those persons, the statement shall contain the following information:

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Legislative history

Amended by Stats. 2017, Ch. 127, Sec. 5. (AB 690) Effective January 1, 2018.