Ca_Law

statute | California

Civil Code - CIV - CIV § 5375.5

  • UIDca_leginfo_codes:civ-5375-5
  • CitationCivil Code - CIV - CIV § 5375.5
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

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, mean

Text

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.

Retrieval chunks

  • #1 | Civil Code - CIV - CIV § 5375.5

    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 mone…