{"code":"BPC","codeName":"Business and Professions Code","section":"26227.4","citation":"Bus. & Prof. Code, § 26227.4","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 10. Cannabis [26000. - 26325.]","url":"https://blackletter.si/business-and-professions-code/division-10"},{"name":"CHAPTER 22. Cannabis Cooperative Associations [26220. - 26231.2.]","url":"https://blackletter.si/business-and-professions-code/division-10/chapter-22"},{"name":"ARTICLE 7. Powers [26227. - 26227.9.]","url":"https://blackletter.si/business-and-professions-code/division-10/chapter-22/article-7"}],"history":"Added by Stats. 2017, Ch. 27, Sec. 107.   (SB 94)   Effective June 27, 2017.","effective":"2017-06-27","html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/business-and-professions-code/powers-26227-4","source":"California Legislative Information bulk export (pubinfo)"}