California Codes, Civil Code - CIV, Division 4 — General Provisions, Part 5 — Common Interest Developments, Chapter 1 — General Provisions, Article 2 — Definitions, Section 4158
(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.
Notes
Defines a managing agent as a person who, for compensation or expected compensation, exercises control over common-interest-development assets. The definition excludes a regulated financial institution acting in the normal course of its regulated business and an attorney acting within the scope of the attorney's license.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 4158 | https://laws.lexinter.net/codes/california/civil-code/division-4/part-5/chapter-1/article-2/section-4158