Ca_Law

statute | California

Civil Code - CIV - CIV § 5510

  • UIDca_leginfo_codes:civ-5510
  • CitationCivil Code - CIV - CIV § 5510
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(a) The signatures of at least two persons, who shall be directors, or one officer who is not a director and one who is a director, shall be required for the withdrawal of moneys from the association’s reserve accounts. (b) The board shall not expend funds designated as reserve f

Text

(a)
The signatures of at least two persons, who shall be directors, or one officer who is not a director and one who is a director, shall be required for the withdrawal of moneys from the association’s reserve accounts.
(b)
The board shall not expend funds designated as reserve funds for any purpose other than the repair, restoration, replacement, or maintenance of, or litigation involving the
repair, restoration, replacement, or maintenance of, major components that the association is obligated to repair, restore, replace, or maintain and for which the reserve fund was established.

Retrieval chunks

  • #1 | Civil Code - CIV - CIV § 5510

    (a) The signatures of at least two persons, who shall be directors, or one officer who is not a director and one who is a director, shall be required for the withdrawal of moneys from the association’s reserve accounts. (b) The board shall not expend funds designated as reserve funds for any purpose other than the …