California Civil Code > Part 5. Common Interest Developments (Davis-Stirling Common Interest Development Act) > Chapter 1. General Provisions > Article 2. Preliminary Provisions > Civil Code §4158. “Managing Agent” – Defined
(a) A “managing agent” is a person who, for compensation or in expectation of compensation, exercises control over the assets of a common interest development.
(b) A “managing agent” does not include any of the following:
(1) A regulated financial institution operating within the normal course of its regulated business practice.
(2) An attorney at law acting within the scope of the attorney’s license. [2012 – Based on former §§1363.1(b) & 1363.2(f)]