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Can condo board put money from a reserve CD into something else?

| Budgets & Finance |  


Question:

In Minnesota, can a condo board take the money from a matured Reserve CD and put half into the operating account (checking) and the other half into the reserve account (savings)? If not, who do I contact about this? What can I do? Is this illegal? Thank you, Concerned Homeowner.


Answers (16)

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