|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 | 11 |||Annual Reports|
|Section: 5300 | 5305 | 5310 | 5320 ||
Section 5320 - Delivery of Report or Summary (changes in green effective 1/1/22)
(a) When a report is prepared pursuant to Section 5300 or 5310, the association shall deliver one of the following documents to all members, by individual delivery pursuant to Section 4040:
(1) The full report.
(2) A summary of the report . The summary shall include that includes, on the first page, a general description of the content of the report . Instructions on and instructions, printed in at least 10-point boldface type, regarding how to request a complete copy of the report at no cost to the member shall be printed in at least 10-point boldface type on the first page of the summary .
(b) Notwithstanding subdivision (a), if a member has requested to receive all reports in full, the association shall deliver the full report to that member, rather than a summary of the report.
This section is referenced in Sections: 5260, 5300 and 5310
First Enacted: Old CID Section 1365(d)
Amended: Statutes of 2012, Chapter 180;Statutes of 2021, Chapter 640
Similar to CI-CID: None