ARTICLE 7. Powers

Article 7 added by Stats. 1987, Ch. 680, Sec. 1.

§§ 3121–3131 · 10 sections

• § 3121 An association may engage in any activity in connection with the selling, transporting, or storing of gas which is produced and delivered to it by its members;…
• § 3122 An association may borrow without limitation as to amount of corporate indebtedness or liability and may make advances to members.
• § 3123 An association may act as the agent or representative of any member in any of the activites specified in Section 3171 or 3172.
• § 3124 An association may purchase or otherwise acquire, hold, own, and exercise all rights of ownership in, sell, transfer, pledge, or guarantee the payment of…
• § 3125 An association may establish reserves and invest the funds of the reserves in bonds or in any other property as may be provided in the bylaws.
• § 3126 An association may buy, hold, and exercise all privileges of ownership of real or personal property as may be necessary or convenient for the conduct and…
• § 3127 An association may levy assessments in the manner and in the amount as may be provided in its bylaws.
• § 3128 An association may do all of the following: (a) Do each and every thing which is necessary, suitable, or proper for the accomplishment of any of the purposes,…
• § 3130 An association may organize, form, operate, own, control, and have an interest in, own stock of, or be a member of any other corporation, with or without…
• § 3131 An association may, upon resolution adopted by its board of directors, enter into all necessary and proper contracts and agreements and make all necessary and…