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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.

This section is referenced in Sections:  None

First Enacted:  Old CID Section 1363.1(b) and 1363.2(f)

Amended:  Statutes of 2012, Chapter 180

Similar to CI-CID: None