California Codes, Civil Code - CIV, Division 4 — General Provisions, Part 5 — Common Interest Developments, Chapter 6 — Association Governance, Article 9 — Managing Agent, Section 5375.5
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.
Notes
Requires a common interest development manager or management firm to disclose in writing any potential conflict of interest when presenting a service bid to an association board. A conflict includes a referral fee or other monetary benefit from a service provider, or an ownership interest or profit-sharing arrangement with a provider recommended to or used by the association.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 5375.5 | https://laws.lexinter.net/codes/california/civil-code/division-4/part-5/chapter-6/article-9/section-5375-5