Can the HOA President Be Appointed as the Receiver?

Question:

What is a conflict of interest, between Manager and President of the Board has the same credentials.

It is legal for the president of the board to be the receivership.

Why do the President of the Board send information to The State
Secretary of California.

– Minnie

 

Answer:

Hi Minnie,

Typically, the receiver is a third party who will manage the association as provided inĀ Code of Civil Procedure Section 564(b)(9).

 

Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.

company logo
company logo
company logo
company logo
company logo
company logo
company logo