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HomeGovernment CodeDiv. 4Ch. 4Art. 6§ 43859 Bond Judgment Satisfaction Delivery

§ 43859 Bond Judgment Satisfaction Delivery

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 43859 Bond Judgment Satisfaction Delivery

Key Takeaways

  • •If a city loses a lawsuit about bonds (like borrowed money), it has to follow the court's decision.
  • •The city must give the bonds to its treasurer until the court's decision is fully paid off.
  • •The treasurer keeps the bonds safe until the city finishes paying what it owes.

Example

A city borrowed money by selling bonds to fix roads but didn't pay back the money as promised. Someone sued the city, and the court said the city must pay.

The city has to give those borrowed bonds to its treasurer, who will hold onto them until the city pays back everything it owes.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 43859 Bond Judgment Satisfaction Delivery

When the judgment, rendered in accordance with the terms of the proposed compromise described in the notice, becomes final, the bonds sued upon shall be delivered to the treasurer of the city against which the judgment is rendered, to be held by him and his successors until the judgment has been fully satisfied. (Added by Stats. 1949, Ch. 79.)

Last verified: January 22, 2026

Key Terms

judgmentagreementsettlementaccordance

Related Statutes

  • § 43854 Local Government Judgment Payment
  • § 43850 City Bond Debt Resolution
  • § 43852 Bondholder Compromise Election Notice
  • § 43855 Judgment Tax Collection Requirements
  • § 43857 Bond Action Judgment Finality

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 43859.
View Official Source