§ 4158 Managing Agent Definition Exemptions

Civil Code·California

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Key Takeaways

•A managing agent is someone who gets paid to control the money or property of a group housing community (like a condo or apartment complex).
•Banks or lawyers doing their normal jobs are not considered managing agents under this law.

Example

A person is hired to handle the money and repairs for a condo building.

This person is a managing agent because they are paid to control the condo's assets. But if a bank handles the condo's money as part of its normal banking services, it’s not a managing agent.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 4158 Managing Agent Definition Exemptions

(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. (Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)

Last verified: January 21, 2026

Key Terms

managing agent common interest development regulated financial institution attorney at law

References

Official text at leginfo.legislature.ca.gov
California Legislature. Civil Code. Section 4158.

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Example

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References

Key Takeaways

Example

Key Terms

Related Statutes

References