Civil Code §4158. “Managing Agent” – Defined

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)]

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