Statute · California Government Code
Cal. Gov't Code § 53508.3 — General Obligation Bonds
Cal. Gov't Code § 53508.3
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 1994-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) No bond shall be subject to mandatory tender for purchase or redemption prior to its fixed maturity date unless it contains a recital to that effect.
Citator
Cal. Gov't Code § 53508.3 — General Obligation Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
(a) No bond shall be subject to mandatory tender for purchase or redemption prior to its fixed maturity date unless it contains a recital to that effect.
(b) Any bond protected by its terms or by the terms of this section from mandatory tender for purchase or redemption prior to its fixed maturity date or for a specified period of time after issuance, may specify terms upon which the issuer may sell or transfer its right to require the bond to be tendered for purchase or redemption prior to its fixed maturity date.