Section 26227.4.

Cal. Business and Professions Code - BPC § 26227.4.
in effect
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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.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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