2016 Alaska Statutes
Title 08 - BUSINESS AND PROFESSIONS
Chapter 08.88 - REAL ESTATE BROKERS AND OTHER LICENSEES
Article 02 - LICENSING
Sec. 08.88.175 Limitations on community association managers.
A licensee may not, within the practice of community association management, exercise control over the
(1) reserves or investment accounts of a community association;
(2) operating account of a community association unless
(A) allowed under a contract that has been approved by the association's board of directors; and
(B) duplicate financial statements concerning the account are sent by the institution holding the account to the licensee and the association's board of directors at separate addresses.
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