§ 4158 – Definition, Managing Agent

  1. (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.
  2. (b)A "managing agent" does not include any of the following:
    1. (1) A regulated financial institution operating within the normal course of its regulated business practice.
    2. (2) An attorney at law acting within the scope of the attorney's license.

Index Table of Contents

Contact Us

Please sign me up to receive your newsletters