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Section 4158 - Managing Agent

(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.

Prior Law:  Old CID Section 1363.1(b) and 1363.2(f)

Amended:  Statutes of 2012, Chapter 180

Similar to CI-CID: None