ARTICLE 7. Powers [54171. - 54182.]

Article 7 enacted by Stats. 1967, Ch. 15.

§§ 54171–54182 · 12 sections

• § 54171 An association may engage in any activity in connection with the marketing, selling, preserving, harvesting, drying, processing, manufacturing, canning,…
• § 54172 An association may borrow without limitation as to amount of corporate indebtedness or liability and may make advances to members.
• § 54173 An association may act as the agent or representative of any member or members in any of the activites which are mentioned in Section 54171 or 54172.
• § 54174 An association may purchase or otherwise acquire, hold, own, and exercise all rights of ownership in, sell, transfer, pledge, or guarantee the payment of…
• § 54175 An association may establish reserves and invest the funds of the reserves in bonds or in such other property as may be provided in the bylaws.
• § 54176 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 conduct…
• § 54177 An association may levy assessments in the manner and in the amount as may be provided in its bylaws.
• § 54178 An association may do each and every thing which is necessary, suitable, or proper for the accomplishment of any one of the purposes, or the attainment of any…
• § 54179 An association may use or employ any of its facilities for any purpose, provided the proceeds which arise from such use and employment shall go to reduce the…
• § 54180 An association may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any other corporation, with or without capital…
• § 54181 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…
• § 54182 (a) Any association organized and operating pursuant to this chapter or pursuant to similar laws of any other state, the District of Columbia, or the United…