Chapter: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | Association Governance
Article: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Managing Agent
Section: 5375 | 5375.5 | 5376 | 5380 | 5385 |

Section 5375.5 - Manager Disclosure of Conflicts of Interest

A common interest development manager or common interest development management firm shall disclose, in writing, any potential conflict of interest when presenting a bid for service to an association’s board of directors. “Conflict of interest,” for purposes of this section, means:

(a) Any referral fee or other monetary benefit that could be derived from a business or company providing products or services to the association.

(b) Any ownership interests or profit-sharing arrangements with service providers recommended to, or used by, the association.

First Enacted:  Statutes of 2017, Chapter 127

Similar to CI-CID: None