A licensee may not, within the practice of community association management, exercise control over the

(1) reserves or investment accounts of a community association;
lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Alaska Statutes 08.88.175

  • Contract: A legal written agreement that becomes binding when signed.
(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.
  Previous section
Next section  
 Article 2 Contents