Statute · California Government Code

Cal. Gov't Code § 53760 — Bankruptcy

Cal. Gov't Code § 53760

Type
Statute
Source
California Government Code
Jurisdiction
California
Date
2012-01-01
Current through
Nov 2, 2026 (California Legislative Counsel)

A local public entity in this state may file a petition and exercise powers pursuant to applicable federal bankruptcy law if either of the following apply:(a) The local public entity has participated in a neutral evaluation process pursuant to Section 53760.3.

Citator

Cal. Gov't Code § 53760 — Bankruptcy is in force in the current edition of the Code, and nothing recorded condemns it.

A local public entity in this state may file a petition and exercise powers pursuant to applicable federal bankruptcy law if either of the following apply:

(a) The local public entity has participated in a neutral evaluation process pursuant to Section 53760.3.

(b) The local public entity declares a fiscal emergency and adopts a resolution by a majority vote of the governing board pursuant to Section 53760.5.