§ 13326 Association Borrowing Authority

Corporations Code·California

AI SummaryVerified

This law says that a group (like a club or organization) can borrow as much money as they want and can lend money to their members.

Key Takeaways

•Groups can borrow as much money as they need.
•They can also lend money to their members.
•There’s no limit on how much they can borrow or lend.

Example

A local sports club needs money to build a new field.

The club can take out a big loan from the bank to pay for it, and they can also lend some money to a member who needs help buying equipment.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 13326 Association Borrowing Authority

An association may borrow without limitation as to amount of corporate indebtedness or liability and may make advances to members. (Added by Stats. 1953, Ch. 207.)

Last verified: January 10, 2026

Key Terms

borrow corporate indebtedness liability advances to members

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 13326.

Key Takeaways

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Key Terms

Related Statutes

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Key Takeaways

Example

Key Terms

Related Statutes

References