California Health and Safety Code

§ 34364

HSC § 34364Div. 24 · Part 2 · Ch. 1 · Art. 5

Statute text

An authority may:

(a)Appoint one or more banks or trust companies within or outside the state having the necessary trust powers as trustee, custodian, or trustee and custodian for the benefit of the bondholders, paying agent, or bond registrar.

(b)Vest in a trustee or the holders of bonds or any proportion of them the right to enforce the payment of the bonds or any covenants securing or relating to the bonds.

…

Legislative history

Amended by Stats. 1983, Ch. 1309, Sec. 16.