Below you'll find a list of all posts that have been tagged as “Civil Code § 5115”
(Effective January 1, 2025, unless otherwise stated.) by Marcela Musilek AB-2460 Lowered Quorum in the Regular or Recall Director Election. (Civil Code § 5115 and Corporations Code § 7512) Assembly Bill 2460 is intended to clarify the 2023 AB1458, which created a method of reducing quorum to 20% of the association’s voting power. Applicable to the regular or recall director elections, this bill eases the quorum restraints that previously prevented the election of new directors. …
(Effective January 1, 2024, Unless Stated Otherwise) by Andrew Parslow AB 572 – Restrictions on Increasing Regular Assessment on Low Income Units (Civil Code § 5605) Assembly Bill 572 is concerning as it directly impacts an association’s ability to increase regular assessments. Fortunately, this statute only affects associations whose original declarations are recorded on or after January 1, 2025. This statute amends Civil Code § 5605 to prohibit associations that have recorded their original declaration …