§ 4158 – Definition, Managing Agent
- (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:
- (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.