Civil Code §4178. “Reserve Account Requirements” – 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 §4178. “Reserve Account Requirements” – Defined
“Reserve account requirements” means the estimated funds that the board has determined are required to be available at a specified point in time to repair, replace, or restore those major components that the association is obligated to maintain. [2012 – Based on former §1365.5(g)]

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