California Statutes
§ 5375.5. — 5375.5. (Added by Stats. 2017, Ch. 127, Sec. 6.)
California·Code CIV Civil Code - CIV·Div. 4. DIVISION 4. GENERAL PROVISIONS·Part 5. PART 5. Common Interest Developments·Ch. 6. CHAPTER 6. Association Governance·Art. 9. ARTICLE 9. Managing Agent
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.
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California § 5375.5. (5375.5. (Added by Stats. 2017, Ch. 127, Sec. 6.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2017, Ch. 127, Sec. 6. (AB 690) Effective January 1, 2018.