There is a newer version of the California Code
2005 California Financial Code Sections 7720 Article 10.5. Leasing
FINANCIAL CODESECTION 7720
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.
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