An association may establish reserves and invest the funds thereof in bonds or in such other property as may be provided in the by-laws.
(Added by Stats. 1953, Ch. 207.)
Corp. Code § 13328, under Powers.
Corp. Code § 13328
An association may establish reserves and invest the funds thereof in bonds or in such other property as may be provided in the by-laws.
(Added by Stats. 1953, Ch. 207.)