Statute · California Government Code
Cal. Gov't Code § 54649 — Remedies of Bondholders
Cal. Gov't Code § 54649
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If a suit, action, or proceeding to enforce any right or exercise any remedy is abandoned or determined adversely to the bondholders or their trustees, the local agency and bondholder or trustee shall be restored to their former positions, rights, and remedies as if such suit, action, or…
Citator
Cal. Gov't Code § 54649 — Remedies of Bondholders is in force in the current edition of the Code, and nothing recorded condemns it.
If a suit, action, or proceeding to enforce any right or exercise any remedy is abandoned or determined adversely to the bondholders or their trustees, the local agency and bondholder or trustee shall be restored to their former positions, rights, and remedies as if such suit, action, or proceeding had not been brought or taken.