California · Financial Code

FIN §6453: Each association shall close its books at the close of business at least annually, or more often if authorized or required in writing by the commissioner.

What this law says, in plain English

Associations must close their books at least once per year at the end of business, or more frequently if the commissioner requires or authorizes it in writing.

Read the full statutory text

Each association shall close its books at the close of business at least annually, or more often if authorized or required in writing by the commissioner.

Verify at the official source: California legislative text

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