Source: http://sctreserve.com/resources/civilcode/
Timestamp: 2019-06-19 10:58:20
Document Index: 673286835

Matched Legal Cases: ['§5300', '§1365', '§1365', '§5510', '§5515', '§5550', '§5560', '§5565', '§5570', '§5580']

California Civil Code - SCT Reserve Consultants, Inc.
Reserve Blurbs
California Civil Code Sections, Reserve-Related
General Maintenance Obligations
(3) Unless otherwise provided in the declaration of a common interest development, the owner of each separate interest is responsible for maintaining the exclusive use common area appurtenant to that separate interest and the association is responsible for repairing and replacing the exclusive use common area
Civil Code §5300
Annual Budget, Reserves and Other Required Disclosures
(f) This section shall become operative on July 1, 2016. [2015- Based on former §1365 & §1365.2.5(b)(2)]
[1] 10-point means 10/72 of an inch high.
[2] 10-point means 10/72 of an inch high.
Civil Code §5510
Signatures and Limitations on Use of Reserve Funds
(a) The signatures of at least two persons, who shall be directors, or one officer who is not a director and one who is a director, shall be required for the withdrawal of moneys from the association’s reserve accounts.
(b) The board shall not expend funds designated as reserve funds for any purpose other than the repair, restoration, replacement, or maintenance of, or litigation involving the repair, restoration, replacement, or maintenance of, major components that the association is obligated to repair, restore, replace, or maintain and for which the reserve fund was established.
Civil Code §5515
Using Reserve Funds for Litigation; Notice; Accounting
Civil Code §5550
Reserve Study Inspection Frequency; Contents; Plan
Civil Code §5560
Reserve Funding Plan Adoption; Assessments Needed for Adequate Funding
Civil Code §5565
Contents of Reserve Summary
Civil Code §5570
Required Assessment & Reserve Funding Disclosure Summary
Date assessment will be due, Amount per ownership interest per month or year (If assessments are variable, see note immediately below), Purpose of the assessment, Total.
Approximate date assessment will be due, Amount per ownership interest per month or year.
Civil Code §5580
Community Service Association Disclosure Requirements