California Civil Code

§ 4158

CIV § 4158 Effective Jan 1, 2013Div. 4 · Part 5 · Ch. 1 · Art. 2

Statute text

(a)A “managing agent” is a person who, for compensation or in expectation of compensation, exercises control over the assets of a common interest development.

(b)A “managing agent” does not include any of the following:

(1)A regulated financial institution operating within the normal course of its regulated business practice.

…

Legislative history

Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.