Statute · California Public Utilities Code

Cal. Pub. Util. Code § 22811 — Cancellation of Unsold Bonds

Cal. Pub. Util. Code § 22811

Type
Statute
Source
California Public Utilities Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

If any bonds remain unsold for six months after having been offered for sale, the board of directors of the district for which the bonds were issued or of a district containing any territory which at the time of the bond election was embraced within the district for which the bonds were issued,…

Citator

Cal. Pub. Util. Code § 22811 — Cancellation of Unsold Bonds is in force in the current edition of the Code, and nothing recorded condemns it.

If any bonds remain unsold for six months after having been offered for sale, the board of directors of the district for which the bonds were issued or of a district containing any territory which at the time of the bond election was embraced within the district for which the bonds were issued, may petition the board of supervisors to cause the unsold bonds to be withdrawn from the market and canceled.