California Civil Code

§ 5565

CIV § 5565 Effective Jan 1, 2013Div. 4 · Part 5 · Ch. 7 · Art. 3

Statute text

The summary of the association’s reserves required by paragraph (2) of subdivision (b) of Section 5300 shall be based on the most recent review or study conducted pursuant to Section 5550, shall be based only on assets held in cash or cash equivalents, shall be printed in boldface type, and shall include all of the following:

(a)The current estimated replacement cost, estimated remaining life, and estimated useful life of each major component.

(b)As of the end of the fiscal year for which the study is prepared:

…

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.