California Civil Code

§ 5375.5

CIV § 5375.5 Effective Jan 1, 2018Div. 4 · Part 5 · Ch. 6 · Art. 9

Statute text

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.

Legislative history

Added by Stats. 2017, Ch. 127, Sec. 6. (AB 690) Effective January 1, 2018.