California Civil Code 4158 – (a) A “managing agent” is a person who, for compensation or in …
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(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:
Terms Used In California Civil Code 4158
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(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.)