Statute · California Streets and Highways Code

Cal. Sts. & High. Code § 8776 — REDEMPTION FUND DEFICIENCIES

Cal. Sts. & High. Code § 8776

Type
Statute
Source
California Streets and Highways Code
Jurisdiction
California
Date
1985-06-06
Current through
Nov 2, 2026 (California Legislative Counsel)

When funds become available for the payment of any bond which was not paid upon presentment, the treasurer shall notify the registered owner thereof by registered mail to present the bond for payment. If the bond is not presented for payment within 10 days after the mailing of the notice,…

Citator

Cal. Sts. & High. Code § 8776 — REDEMPTION FUND DEFICIENCIES is in force in the current edition of the Code, and nothing recorded condemns it.

When funds become available for the payment of any bond which was not paid upon presentment, the treasurer shall notify the registered owner thereof by registered mail to present the bond for payment. If the bond is not presented for payment within 10 days after the mailing of the notice, interest shall cease to run on the bond.