Section 6502.5 Of Article 1. General Powers From California Financial Code >> Division 2. >> Chapter 4. >> Article 1.
6502.5
. An association may, acquire, hold, sell, develop,
subdivide, dispose of, and convey real and personal property
consistent with its objects and powers. It may mortgage, pledge, or
lease any real or personal property and may take the property by
gift, devise, or bequest.