In addition to other restrictions, the signatures of at least two persons, who shall be members of the association's board of directors, or one officer who is not a member of the board of directors and a member of the board of directors, shall be required for the withdrawal of moneys from the association's reserve accounts. Civil Code §1365.5(b).

Managing Agents. Managing agents may not be signers for such transfers. Any transfer authorizations should be done in a board meeting and recorded in the minutes so the membership is fully informed of the reserve transfers.