California Civil Code ARTICLE 2 - Use of Reserve Funds

• Section 5510.
  (a) The signatures of at least two persons, who shall be directors, or one officer who is not a director and one who is a director,...
• Section 5515.
  (a) Notwithstanding Section 5510, the board may authorize the temporary transfer of moneys from a reserve fund to the association’s general operating fund to meet short-term...
• Section 5520.
  (a) When the decision is made to use reserve funds or to temporarily transfer moneys from the reserve fund to pay for litigation pursuant to subdivision...

Last modified: October 22, 2018