Sections
3 entriesSection 5510Requires at least two signatures to withdraw reserve-account money, from two directors or from one director and one officer who is not…Section 5515Allows the board, after meeting-notice disclosure and written findings, to transfer reserve money temporarily to operating funds for short-term cashflow or other…Section 5520Requires an association deciding to use or temporarily transfer reserve funds for specified litigation to give general notice of that decision and…