Statute · California Financial Code
Cal. Fin. Code § 7720 — Leasing
Cal. Fin. Code § 7720
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(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.
Citator
Cal. Fin. Code § 7720 — Leasing is in force in the current edition of the Code, and nothing recorded condemns it.
(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.