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Can you move a CD to a checking account to pretend the condo reserve amounts are larger legally?
Wiki User
∙ 8y ago
Your state law may regulate 'separate accounts' for reserves, in which case, moving money in and out of reserves to 'give the appearance' of higher levels of cash being available, would be illegal.
Reserves are one key measurement of financial health for associations.
Wiki User
∙ 8y ago
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