Section 9089 Of Chapter 7. Fraternal Fire Insurers From California Insurance Code >> Division 2. >> Part 1. >> Chapter 7.
9089
. Such association by and in its own name may:
(a) Sue and be sued.
(b) Loan such funds as it has on hand in such manner as its
articles of association and its by-laws provide.
(c) Own sufficient real property for its business purposes, and
such other real property as it becomes necessary to purchase on
foreclosure of its mortgages. Real estate obtained by such
foreclosure shall be sold and conveyed within five years from the
time title vests in the association.
(d) Make such by-laws, not inconsistent with the laws of this
State, as are necessary for its government and for the transaction of
its business.