The February 12th issue of the Santa Barbara News-Press contained an article about an area homeowner association filing a lawsuit against its former property manager. One of the issues raised in the suit concerned the use of a commingled trust account for all the associations managed by the management company. We ran an article in our January 2005 issue on the use of these kind of bank accounts for associations. To read the article, click here.

This entry was posted on Sunday, February 12th, 2006 at 12:01 PM and was posted in the News category.