There is a newer version of the California Code
2016 California Code
Civil Code - CIV
DIVISION 4 - GENERAL PROVISIONS
PART 5 - Common Interest Developments
CHAPTER 1 - General Provisions
ARTICLE 2 - Definitions
Section 4178.
CA Civ Code § 4178 (2016) What's This?
4178. Reserve account requirements means the estimated funds that the board has determined are required to be available at a specified point in time to repair, replace, or restore those major components that the association is obligated to maintain.
(Added by Stats. 2012, Ch. 180, Sec. 2. Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)
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