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California Code, Civil Code - CIV § 5375.5

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - California Code, Civil Code - CIV § 5375.5 - last updated January 01, 2025 | https://codes.findlaw.com/ca/civil-code/civ-sect-5375-5/

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