California CodesBusiness and Professions Code - BPCDivision 10 — CannabisChapter 22 — Cannabis Cooperative AssociationsArticle 7 — PowersSection 26227.1
An association may borrow without limitation as to the amount of corporate indebtedness or liability and may make advances to members.
Notes
Allows an association to borrow without any statutory limit stated here on the amount of its corporate indebtedness or liability and to make advances to its members. The provision grants those financial powers without specifying a borrowing ceiling, advance limit, approval threshold, deadline, or separate exception.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 26227.1 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-10/chapter-22/article-7/section-26227-1