Boards in need of cash may want to use cash in the reserve accounts or from legal settlements, but there are important restrictions.
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HOA Education - Articles Litigation
Not later than 30 days before the filing of any civil action by the association against the declarant or other developer of a common interest development for alleged damage to […]
As soon as is reasonably practicable after the association and the builder have entered into a settlement agreement or the matter has otherwise been resolved regarding alleged defects in the […]
Before an association files a complaint for damages against a builder, developer, or general contractor (respondent) of a common interest development based upon a claim for defects in the design […]
When the decision is made to use reserve funds or to temporarily transfer moneys from the reserve fund to pay for litigation pursuant to subdivision (b) of Section 5510, the […]
§6000 – Complaint Prerequisites §6100 – Resolution Notice to Members §6150 – Pre-Litigation Notice to Members