ARTICLE 2. Use of Reserve Funds

Article 2 added by Stats. 2012, Ch. 180, Sec. 2.

§§ 5510–5520 · 3 sections

• § 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…
• § 5515 (a) Notwithstanding Section 5510, the board may authorize the temporary transfer of moneys from a reserve fund to the association’s general operating fund to…
• § 5520 (a) When the decision is made to use reserve funds or to temporarily transfer moneys from the reserve fund to pay for litigation pursuant to subdivision (b) of…