An association may establish reserves and invest the funds of the reserves in bonds or in other property as may be provided in the bylaws.
Cal. Bus. & Prof. Code § 26227.4
Powers
Known as the Medicinal and Adult-Use Cannabis Regulation and Safety Act
The act spans §§ 26000–26308 (207 sections).
Added by Stats. 2017, Ch. 27, Sec. 107
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.