Wednesday, December 06, 2006

Article - News - Leisure World must open its records
This is an interesting turn of events to which I was alerted by the ever-alert Fred Pilot. Leisure World, which is a giant common interest community, is run by Golden Rain Foundation, a non-profit corporation. Residents ask to see corporate records under the David-Stirling Act that regulates CIDs. The corporation says it is not a CID, is not governed by the Act, and doesn't have to release the records. Lawsuit happens. Judge says: oh, yes, you are a CID.

Nice try at avoiding accountability under the law, but no cigar.

...residents argued that Golden Rain was a homeowners association, a type of common interest development. Golden Rain argued that it was a nonprofit corporation and not a common interest development. Consequently, officials said they were not legally obligated to release records to residents. Although Golden Rain voluntarily made public many of its financial records, the residents who sued said they wanted a legal right to access the documents.

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