California § 5501. 5501. (Added by Stats. 2018, Ch. 396, Sec. 4.)

California Statutes

§ 5501. — 5501. (Added by Stats. 2018, Ch. 396, Sec. 4.)

California § 5501.

JurisdictionCalifornia

Code CIVCivil Code - CIV

Div. 4.DIVISION 4. GENERAL PROVISIONS

Part 5.PART 5. Common Interest Developments

Ch. 7.CHAPTER 7. Finances

Art. 1.ARTICLE 1. Accounting

This text of California § 5501. (5501. (Added by Stats. 2018, Ch. 396, Sec. 4.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Civil Code - CIV Code § 5501. (2026).

Text

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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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.

Legislative History

Added by Stats. 2018, Ch. 396, Sec. 4. (AB 2912) Effective January 1, 2019.

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California § 5501., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CIV/5501..