Cal. Civ. Code § 5375.5

Current through the 2023 Legislative Session.

Section 5375.5 - Disclosure of conflicts of interest

A common interest development manager or common interest development management firm shall disclose, in writing, any potential conflict of interest when presenting a bid for service to an association's board of directors. "Conflict of interest," for purposes of this section, means:

(a) Any referral fee or other monetary benefit that could be derived from a business or company providing products or services to the association.

(b) Any ownership interests or profit-sharing arrangements with service providers recommended to, or used by, the association.

Ca. Civ. Code § 5375.5

Added by Stats 2017 ch 127 (AB 690),s 6, eff. 1/1/2018.