California Codes, Business and Professions Code - BPC, Division 10 — Cannabis, Chapter 22 — Cannabis Cooperative Associations, Article 7 — Powers, 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.
Notes
Allows an association to establish reserve funds and invest those reserve funds in bonds or other property as its bylaws may provide. The provision gives the association both reserve-creation and investment authority, while leaving permitted nonbond property investments to the terms established in the bylaws.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 26227.4 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-10/chapter-22/article-7/section-26227-4