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CALIFORNIA CIVIL CODE
SECTION 1365.5 (d)
Using Reserve Funds for Litigation
(d) When the decision is made to use reserve funds or to
temporarily transfer money from the reserve fund to pay for
litigation, the association shall notify the members of the
association of that decision in the next available mailing
to all
members pursuant to Section 5016 of the Corporations Code,
and of the
availability of an accounting of those expenses. Unless the
governing documents impose more stringent standards, the association
shall make an accounting of expenses related to the litigation
on at
least a quarterly basis. The accounting shall be made available
for
inspection by members of the association at the association's
office.
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