Code Section Group

Financial Code - FIN

DIVISION 2. SAVINGS ASSOCIATION LAW [5000 - 10009]

  ( Division 2 repealed and added by Stats. 1983, Ch. 1091, Sec. 2. )

CHAPTER 6. Investment Operations [7200 - 7800]

  ( Chapter 6 added by Stats. 1983, Ch. 1091, Sec. 2. )

ARTICLE 10.5. Leasing [7720- 7720.]
  ( Heading of Article 10.5 renumbered from Article 10 (as added by Stats. 1984, Ch. 287) by Stats. 1990, Ch. 216, Sec. 24. )

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.

(Added by renumbering Section 7700 by Stats. 1990, Ch. 216, Sec. 25.)

FINFinancial Code - FIN10.5.