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2021 California Code
Civil Code - CIV
DIVISION 4 - GENERAL PROVISIONS
PART 5 - Common Interest Developments
CHAPTER 1 - General Provisions
ARTICLE 2 - Definitions
Section 4158.
Universal Citation: CA Civ Code § 4158 (2021)
4158.
(a) A “managing agent” is a person who, for compensation or in expectation of compensation, exercises control over the assets of a common interest development.
(b) A “managing agent” does not include any of the following:
(1) A regulated financial institution operating within the normal course of its regulated business practice.
(2) An attorney at law acting within the scope of the attorney’s license.
(Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)
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