Statute · California Civil Code
Cal. Civ. Code § 5375.5 — Managing Agent
Cal. Civ. Code § 5375.5
- Type
- Statute
- Source
- California Civil Code
- Jurisdiction
- California
- Date
- 2018-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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:
Citator
Cal. Civ. Code § 5375.5 — Managing Agent is in force in the current edition of the Code, and nothing recorded condemns it.
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.