Results for: Section 1365.5(b) Archives - Kriger Law Firm

Withdrawal of Reserve Funds from Reserve Accounts

            California Civil Code Section 1365.5(b) provides that reserve funds may not be withdrawn from the association’s reserve accounts unless either 2 Board members, or one board member and an officer who is not a board member, sign.  Today most governing documents also include this requirement.  The question is whether the banks are enforcing thisContinue Reading >