Section 7720 Of Article 10.5. Leasing From California Financial Code >> Division 2. >> Chapter 6. >> Article 10.5.

. (a) An association may invest in tangible personal property, including without limitation, vehicles, mobilehomes, machinery, equipment, or furniture, and may hold the property for rental or sale.
  (b) Investment under this section is limited to not in excess of 10 percent of the total assets of the association.