A licensee may not, within the practice of community association management, exercise control over the
(1) reserves or investment accounts of a community association;
(2) operating account of a community association unless
(A) allowed under a contract that has been approved by the association's board of directors; and
(B) duplicate financial statements concerning the account are sent by the institution holding the account to the licensee and the association's board of directors at separate addresses.
Section: Previous 08.88.161 08.88.165 08.88.167 08.88.170 08.88.171 08.88.172 08.88.173 08.88.175 08.88.180 08.88.181 08.88.190 08.88.191 08.88.200 08.88.201 08.88.210 NextLast modified: November 15, 2016