Alaska Statutes.
Title 8. Business and Professions
Chapter 88. Real Estate Brokers and Other Licensees
Section 175. Limitations On Community Association Managers.
previous: Section 173. Fidelity Bond For Community Association Managers.
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AS 08.88.175. Limitations On Community Association Managers.

A licensee may not, within the practice of community association management, exercise control over the

(1) reserves or investment accounts of a community association;

(2) operating account of a community association unless

(A) allowed under a contract that has been approved by the association's board of directors; and

(B) duplicate financial statements concerning the account are sent by the institution holding the account to the licensee and the association's board of directors at separate addresses.

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