§ 53760
67 words·~1 min read·
/ca/government-code/53760A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A local public entity in this state may file a petition and exercise powers pursuant to applicable federal bankruptcy law if either of the following apply:
(a)The local public entity has participated in a neutral evaluation process pursuant to Section 53760.3.
(b)The local public entity declares a fiscal emergency and adopts a resolution by a majority vote of the governing board pursuant to Section 53760.5.