39-2936. Obligation; default; bond holder or trustee; powers.
52 words·~1 min read·
/ne/chapter-39/39-2936A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)In the event of default, any bondholder or trustee may enforce any covenant through any mandamus, injunction, or other equitable proceeding, consistent with the bond proceedings.
(2)Any trustee may be empowered to receive and administer pledged revenue and ensure payment of debt service under the terms of a trust indenture.