California § 5502 - Notwithstanding any other law, transfers shall not be authorized from the associa
Full text of California Public Contract Code - PCC § 5502 — Notwithstanding any other law, transfers shall not be authorized from the associa, with citation guidance and answers to common questions.
§ 5502. Notwithstanding any other law, transfers shall not be authorized from the associa
(a) Notwithstanding any other law, transfers shall not be authorized from the associationâs reserve or operating accounts without prior written approval from the board of the association unless the amount of the transfer is less than the following: (1) The lesser of five thousand dollars ($5,000) or 5 percent of the estimated income in the annual operating budget, for associations with 50 or less separate interests. (2) The lesser of ten thousand dollars ($10,000) or 5 percent of the estimated income in the annual operating budget, for associations with 51 or more separate interests. (b) This section applies in addition to any other applicable requirements of this part.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5502
What does Public Contract Code - PCC § 5502 cover?
Section 5502 ("Notwithstanding any other law, transfers shall not be authorized from the associa") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 5502?
A common citation format is "Public Contract Code - PCC § 5502" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 5502 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.