Section 08.88.175. Limitations on community association managers.

Latest version.

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.

Notes

History

(Sec. 12 ch 45 SLA 1998)

                    
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