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DAVIS-STIRLING ACT

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Civil Code §5375.5. Manager Conflict of Interest Defined.

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.

(Added by Stats. 2017, Ch. 127, Sec. 6. (AB 690) Effective January 1, 2018.)

Adams Stirling PLC