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

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

Terms Used In Alaska Statutes 08.88.175

  • Contract: A legal written agreement that becomes binding when signed.
(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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