Are there any legal requirements for Reserve Studies?
Not every state has a statute pertaining to reserve funds, and of those states, which do have statutes, the law varies from state to state. The states that do have guidelines for maintaining a reserve fund include, Alaska, California, Florida, Hawaii, Illinois, Indiana, Massachusetts, Michigan, Minnesota, and Oregon. To find the statute specific to your state, please click here. For further questions, call 800-543-8670.
