Civil Code Finances & Reserves
Alternative Review Method
Chapter 7 · Finances · Accounting
Text current as of 2026-07-07 · Last amended by AB 2912, eff. 2019-01-01
The code says CIV §5501
The review requirements of Section 5500 may be met when every individual member of the board, or a subcommittee of the board consisting of the treasurer and at least one other board member, reviews the documents and statements described in Section 5500 independent of a board meeting, so long as the review is ratified at the board meeting subsequent to the review and that ratification is reflected in the minutes of that meeting.
(Added by Stats. 2018, Ch. 396, Sec. 4. (AB 2912) Effective January 1, 2019.)
How courts have read this
No case law is mapped to this section yet. As decisions are added, they’ll appear here.