“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.
Cal. Civ. Code § 4178
Definitions
Known as the Davis-Stirling Common Interest Development Act
The act spans §§ 4000 to 6150 (223 sections).
Added by Stats. 2012, Ch. 180, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.