Ca_Law

statute | California

Financial Code - FIN - FIN § 7720

  • UIDca_leginfo_codes:fin-7720
  • CitationFinancial Code - FIN - FIN § 7720
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(a) An association may invest in tangible personal property, including without limitation, vehicles, mobilehomes, machinery, equipment, or furniture, and may hold the property for rental or sale. (b) Investment under this section is limited to not in excess of 10 percent of the t

Text

(a)
An association may invest in tangible personal property, including without limitation, vehicles, mobilehomes, machinery, equipment, or furniture, and may hold the property for rental or sale.
(b)
Investment under this section is limited to not in excess of 10 percent of the total assets of the association.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 7720

    (a) An association may invest in tangible personal property, including without limitation, vehicles, mobilehomes, machinery, equipment, or furniture, and may hold the property for rental or sale. (b) Investment under this section is limited to not in excess of 10 percent of the total assets of the association.