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A licensee may not, within the practice of community association management, exercise control over the
(1) reserves or investment accounts of a community association;
(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.
Cite this article: FindLaw.com - Alaska Statutes Title 8. Business and Professions § 08.88.175. Limitations on community association managers - last updated April 21, 2021 | https://codes.findlaw.com/ak/title-8-business-and-professions/ak-st-sect-08-88-175.html
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