California Civil Code

§ 5600

CIV § 5600 Effective Jan 1, 2013Div. 4 · Part 5 · Ch. 8 · Art. 1

Statute text

(a)Except as provided in Section 5605, the association shall levy regular and special assessments sufficient to perform its obligations under the governing documents and this act.

(b)An association shall not impose or collect an assessment or fee that exceeds the amount necessary to defray the costs for which it is levied.

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.