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HomeCorporations CodeCh. 6§ 13328 Association Reserve Investments

§ 13328 Association Reserve Investments

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 13328 Association Reserve Investments

This law says that a group (like a homeowners association) can save money and invest it in safe things like bonds or other property allowed by their rules.

Key Takeaways

  • •Groups like homeowners associations can save money for future needs.
  • •They can invest this saved money in safe things like bonds.
  • •The exact investments allowed depend on the group's own rules.

Example

A homeowners association wants to save money for future repairs to the community pool.

They can set aside money each month and invest it in bonds or other safe investments to grow the money over time.

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

Official Source
View on CA.gov

§ 13328 Association Reserve Investments

An association may establish reserves and invest the funds thereof in bonds or in such other property as may be provided in the by-laws. (Added by Stats. 1953, Ch. 207.)

Last verified: January 10, 2026

Key Terms

reservesbondsby-laws

Related Statutes

  • § 13329 Fishery Association Investments
  • § 13331 Association Assessment Authority
  • § 12480 Member Voting Rights
  • § 12481 Member Meeting Notice Dates
  • § 12482 Joint Membership Voting Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 13328.
View Official Source