§ 63077
47 words·~1 min read·
/ca/government-code/63077A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bank, a special purpose trust, or any sponsor or participating party may, out of any funds available therefor, purchase their respective bonds. The bank and a special purpose trust may hold, pledge, cancel, or resell their bonds, subject to and in accordance with agreements with bondholders.