Statute · California Government Code
Cal. Gov't Code § 5108 — Protection of Bond Guarantors
Cal. Gov't Code § 5108
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If the guarantors function in the capacity of trustee or if the custody of the bonds is in the possession of a trustee, and administered by the trustee, he shall be required to distribute interest and principal, in the proportion that each is received by him, to the beneficiaries under the trust.
Citator
Cal. Gov't Code § 5108 — Protection of Bond Guarantors is in force in the current edition of the Code, and nothing recorded condemns it.
If the guarantors function in the capacity of trustee or if the custody of the bonds is in the possession of a trustee, and administered by the trustee, he shall be required to distribute interest and principal, in the proportion that each is received by him, to the beneficiaries under the trust.