Financial Code section 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.

Source: Section 7720, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=7720. (updated Jan. 1, 1990; accessed Jun. 30, 2025).

7720

Up to date

Verified:
Jun. 30, 2025

§ 7720's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_7720

Original Source: Section 7720, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=7720. (last accessed May 12, 2025).