---
title: Can condo board put money from a reserve CD into something else?
description: Can a condo association take money from a reserve CD to put it into something else?
---

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

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## What do you think? 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.

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## What do you think? Answers (16)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

## Related Posts

### [Are condo association costs drawn from capital reserve fund?](https://www.condoassociation.com/blog/tabid/19257/bid/95366/Are-condo-association-costs-drawn-from-capital-reserve-fund.aspx)

### [How to handle leftover reserves from project?](https://www.condoassociation.com/blog/how-to-handle-leftover-reserves-from-project)

### [Should HOA board keep income in reserves or operating account?](https://www.condoassociation.com/blog/hoa-board-is-allocating-reserves-to-operations)

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