California Business and Professions Code ARTICLE 7 - Powers

  • Section 26227.
    An association may engage in any activity in connection with the growing, harvesting, curing, drying, trimming, packing, grading, storing, or handling of any cannabis product...
  • Section 26227.1.
    An association may borrow without limitation as to the amount of corporate indebtedness or liability and may make advances to members.(Added by Stats. 2017, Ch....
  • Section 26227.2.
    An association may act as the agent or representative of any member or members in any of the activities specified in Section 26226.2 or 26226.3.(Added...
  • Section 26227.3.
    An association may purchase or otherwise acquire, hold, own, and exercise all rights of ownership in, sell, transfer, pledge, or guarantee the payment of dividends...
  • Section 26227.4.
    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.(Added...
  • Section 26227.5.
    An association may buy, hold, and exercise all privileges of ownership over such real or personal property as may be necessary or convenient for the...
  • Section 26227.6.
    An association may levy assessments in the manner and in the amount as may be provided in its bylaws.(Added by Stats. 2017, Ch. 27, Sec....
  • Section 26227.7.
    An association may do any of the following anywhere:(a) That which is what is necessary, suitable, or proper for the accomplishment of a purpose, or the...
  • Section 26227.75.
    An association may use or employ any of its facilities for any purpose, provided the proceeds that arise from such use and employment shall go...
  • Section 26227.8.
    (a) An association may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any other association, with or...
  • Section 26227.9.
    (a) Any association may, upon resolution adopted by its board of directors, enter into all necessary and proper contracts and agreements and make all necessary and...

Last modified: October 22, 2018