Civil Code section 4158

(a)

A “managing agent” is a person who, for compensation or in expectation of compensation, exercises control over the assets of a common interest development.

(b)

A “managing agent” does not include any of the following:

(1)

A regulated financial institution operating within the normal course of its regulated business practice.

(2)

An attorney at law acting within the scope of the attorney’s license.

Source: Section 4158, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=CIV§ionNum=4158.­ (updated Jan. 1, 2013; accessed Jun. 9, 2025).

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Verified:
Jun. 9, 2025

§ 4158’s source at ca​.gov