Section 4178 - Reserve Account Requirements

“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.

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Old Civil Code Section 1365.5(g)

(g) As used in this section, “reserve account requirements” means the estimated funds that the association's board of directors 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.

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Changes

Changes Made By Section 4178

(g) As used in this section, “ reserve Reserve account requirements ” means the estimated funds that the association's board of directors 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.