California · Civil Code
CIV §4158: (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.
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(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.
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