A licensee may not, within the practice of community association management, exercise control over the
(1) reserves or investment accounts of a community association;
(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.
Structure Alaska Statutes
Title 8. Business and Professions
Chapter 88. Real Estate Brokers and Other Licensees
Sec. 08.88.161. License required.
Sec. 08.88.165. Conduct of auctions.
Sec. 08.88.167. Civil penalty for unlicensed or unauthorized practice.
Sec. 08.88.171. Eligibility for license.
Sec. 08.88.172. Errors and omissions insurance.
Sec. 08.88.173. Fidelity bond for community association managers.
Sec. 08.88.175. Limitations on community association managers.
Sec. 08.88.181. Content and purpose of examination.
Sec. 08.88.191. Administration of examination.
Sec. 08.88.201. Reexamination.