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Code · California · Government Code

§ 50734

70 words·~1 min read·/ca/government-code/50734

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The board may designate a bank or trust company, qualified to do business in this State, as a trustee for the holders of bonds issued hereunder, and may authorize the trustee to act on behalf of the holders of the bonds, or any stated percentage thereof, and to exercise and prosecute on behalf of the holders of the bonds such rights and remedies as may be available to the holders.
★   the supreme law of the land   ★
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