Condo Q&A

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

Written by stephen polinsky | Sun, Feb 12, 2012 @ 01:23 PM
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.