California Government Code

§ 53431

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

GOV § 53431Div. 2 · Title 5 · Part 1 · Ch. 3 · Art. 2

When a bond of a local agency is mutilated or defaced the legislative body shall issue a duplicate if all of the following conditions exist:

(a)It appears by clear and unequivocal proof that the bond is so mutilated or defaced as to impair its value to the owner.

(b)There is no bad faith on the part of the owner.

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Legislative history

Added by Stats. 1949, Ch. 81.