Civil Code section 5501

The review requirements of Section 5500 may be met when every individual member of the board, or a subcommittee of the board consisting of the treasurer and at least one other board member, reviews the documents and statements described in Section 5500 independent of a board meeting, so long as the review is ratified at the board meeting subsequent to the review and that ratification is reflected in the minutes of that meeting.

Source: Section 5501, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV§ionNum=5501. (updated Jan. 1, 2019; accessed Jun. 16, 2025).

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§ 5501’s source at ca.gov

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Location: https://california.public.law/codes/civil_code_section_5501

Original Source: Section 5501, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV§ionNum=5501. (last accessed May 12, 2025).