California Statutes
§ 7720. — 7720. (Added by renumbering Section 7700 by Stats. 1990, Ch. 216, Sec. 25.)
California·Code FIN Financial Code - FIN·Div. 2. DIVISION 2. SAVINGS ASSOCIATION LAW·Ch. 6. CHAPTER 6. Investment Operations·Art. 10.5. ARTICLE 10.5. Leasing
(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.
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California § 7720. (7720. (Added by renumbering Section 7700 by Stats. 1990, Ch. 216, Sec. 25.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by renumbering Section 7700 by Stats. 1990, Ch. 216, Sec. 25.