{
  "section": "5502",
  "code": "California Civil Code",
  "law_code": "CIV",
  "citation": "California Civil Code § 5502",
  "heading": "Prior Written Approval Before Moving Money Out",
  "heading_is_editorial": true,
  "effective": "2022-01-01",
  "amended_by": "Amended by Stats. 2021, Ch. 270, Sec. 2. (AB 1101) Effective January 1, 2022.",
  "official_credit_line": "Amended by Stats. 2021, Ch. 270, Sec. 2. (AB 1101) Effective January 1, 2022.",
  "official_url": "https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV&sectionNum=5502.",
  "page_url": "https://quoroom.org/law/accounts",
  "pending_amendment": null,
  "version_history": [
    {
      "effective": "2022-01-01",
      "change": "amended",
      "bill": "AB 1101",
      "acts": [
        "AB 1101"
      ],
      "attribution": "single",
      "citation": "Stats. 2021, Ch. 270 (AB 1101)",
      "official_credit_line": "Amended by Stats. 2021, Ch. 270, Sec. 2. (AB 1101) Effective January 1, 2022.",
      "superseded_credit_line": "Amended by Stats. 2019, Ch. 497, Sec. 31. (AB 991) Effective January 1, 2020.",
      "snapshot": 2021,
      "renumbered": {},
      "changes": [
        {
          "id": "intro",
          "label": "",
          "was_id": "intro",
          "change": "removed",
          "was": "Notwithstanding any other law, transfers of greater than ten thousand dollars ($10,000) or 5 percent of an association’s total combined reserve and operating account deposits, whichever is lower, shall not be authorized from the association’s reserve or operating accounts without prior written board approval. This section applies in addition to any other applicable requirements of this part.",
          "now": null
        },
        {
          "id": "a",
          "label": "(a)",
          "was_id": null,
          "change": "added",
          "was": null,
          "now": "Notwithstanding any other law, transfers shall not be authorized from the association’s 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:"
        },
        {
          "id": "a-1",
          "label": "(a)(1)",
          "was_id": null,
          "change": "added",
          "was": null,
          "now": "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."
        },
        {
          "id": "a-2",
          "label": "(a)(2)",
          "was_id": null,
          "change": "added",
          "was": null,
          "now": "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."
        },
        {
          "id": "b",
          "label": "(b)",
          "was_id": null,
          "change": "added",
          "was": null,
          "now": "This section applies in addition to any other applicable requirements of this part."
        }
      ]
    },
    {
      "effective": "2020-01-01",
      "change": "enacted",
      "bill": "AB 991",
      "acts": [
        "AB 991"
      ],
      "attribution": "single",
      "citation": "Stats. 2019, Ch. 497 (AB 991)",
      "official_credit_line": "Amended by Stats. 2019, Ch. 497, Sec. 31. (AB 991) Effective January 1, 2020.",
      "superseded_credit_line": "",
      "snapshot": 2019,
      "renumbered": {},
      "changes": []
    }
  ],
  "verified": "two sources agree",
  "verification_note": "Text taken verbatim from the Legislative Counsel of California official code database and checked word for word against an independent publisher.",
  "sources": [
    {
      "url": "https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip",
      "accessed": "2026-10-11",
      "name": "leginfo (Legislative Counsel official bulk code database, LAW_SECTION_TBL)",
      "note": "Authoritative. Retrieved with tools/fetch.py, which reads the archive's central directory by HTTP range request and fetches only this section's member. The leginfo.legislature.ca.gov HTML page sits behind a bot challenge; this is the same database that backs it."
    },
    {
      "url": "https://california.public.law/codes/civil_code_section_5502",
      "accessed": "2026-10-11",
      "name": "California Public Law (Public.Law)",
      "note": "Independent publisher, used to check the text word for word.",
      "edition": "2025"
    }
  ],
  "subdivisions": [
    {
      "id": "a",
      "label": "(a)",
      "text": "Notwithstanding any other law, transfers shall not be authorized from the association’s 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:",
      "anchor": "https://quoroom.org/law/accounts#s5502-a"
    },
    {
      "id": "a-1",
      "label": "(a)(1)",
      "text": "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.",
      "anchor": "https://quoroom.org/law/accounts#s5502-a-1"
    },
    {
      "id": "a-2",
      "label": "(a)(2)",
      "text": "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.",
      "anchor": "https://quoroom.org/law/accounts#s5502-a-2"
    },
    {
      "id": "b",
      "label": "(b)",
      "text": "This section applies in addition to any other applicable requirements of this part.",
      "anchor": "https://quoroom.org/law/accounts#s5502-b"
    }
  ]
}