California Streets and Highways Code

§ 8751.5

SHC § 8751.5Div. 10 · Part 11

Statute text

In the event the treasurer receives for payment any interest coupon from a bond for which notice of advanced maturity has been given without the bond being surrendered to him or her, he or she shall mail a copy of the notice of advanced maturity to the address given for payment of the coupon and, if the coupon received is for interest which has ceased to accrue on the bond by reason of its advanced maturity, shall also return the interest coupon with the copy of notice. Failure of the holder or owner of the bond to receive the additional notice shall not affect the advancing of the maturity of the bond.

Legislative history

Added by Stats. 1987, Ch. 1388, Sec. 9.5.