§ 54172 Association Borrowing Authority

• •A group (like a club or company) can borrow as much money as they want.
• •They can also lend money to their members.
• •There’s no limit to how much they can borrow or lend.

A local farmers' group needs money to buy new tools.

The group can take out a big loan from the bank to buy the tools, and they can also lend some of that money to a farmer in the group who needs it. There’s no rule saying they can’t borrow or lend a lot of money.