Statute · California Government Code
Cal. Gov't Code § 59596 — Acquisition and Cancellation of Bonds of Nonconsenting Bondholders
Cal. Gov't Code § 59596
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
When money is placed in any fund for the retirement or payment of the original bonds of nonconsenting holders it shall be used only for that purpose. After all the original bonds of nonconsenting holders have been paid or retired, any sum remaining in the fund shall be returned to the local…
Citator
Cal. Gov't Code § 59596 — Acquisition and Cancellation of Bonds of Nonconsenting Bondholders is in force in the current edition of the Code, and nothing recorded condemns it.
When money is placed in any fund for the retirement or payment of the original bonds of nonconsenting holders it shall be used only for that purpose. After all the original bonds of nonconsenting holders have been paid or retired, any sum remaining in the fund shall be returned to the local agency which advanced it.