{"code":"CIV","codeName":"Civil Code","section":"5501","citation":"Civ. Code, § 5501","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 4. GENERAL PROVISIONS [3274. - 9566.]","url":"https://blackletter.si/civil-code/division-4"},{"name":"PART 5. Common Interest Developments [4000. - 6150.]","url":"https://blackletter.si/civil-code/division-4/part-5"},{"name":"CHAPTER 7. Finances [5500. - 5580.]","url":"https://blackletter.si/civil-code/division-4/part-5/chapter-7"},{"name":"ARTICLE 1. Accounting [5500. - 5502.]","url":"https://blackletter.si/civil-code/division-4/part-5/chapter-7/article-1"}],"history":"Added by Stats. 2018, Ch. 396, Sec. 4.   (AB 2912)   Effective January 1, 2019.","effective":"2019-01-01","html":"<p>The review requirements of Section <a href=\"/civ/5500\">5500</a> 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 <a href=\"/civ/5500\">5500</a> 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.</p>","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.","otherVersions":[],"url":"https://blackletter.si/civil-code/accounting-5501","source":"California Legislative Information bulk export (pubinfo)"}