Florida Florida Statutes

§ 132.14 — Exchange in lieu of sale

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

FS § 132.14Ch. 132

Statute text

View on source

As hereinbefore provided the refunding bonds instead of being sold may be exchanged for bonds or for interest on bonds or interest on overdue interest on bonds to refund which they are issued. The principal and accrued interest of the refunding bonds shall not exceed the amount of the obligations refunded.

Legislative history

s. 14, ch. 15772, 1931; CGL 1936 Supp. 2383(14).