§ 50739 Bond Call Provisions

Government Code·California

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Key Takeaways

•Some bonds can be paid back early, but only if the rules say so.
•The people in charge decide when and how to pay back early.
•If a bond can be paid back early, it must say so on the bond itself.
•You might have to pay extra money (a premium) to pay the bond back early.

Example

Imagine you lend money to a city by buying their bond. The bond says it will be paid back in 10 years.

The city can pay you back early only if the bond says they can. If it does, they might pay you a little extra money for the trouble.

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

Official Source

View on CA.gov

§ 50739 Bond Call Provisions

Bonds may be callable upon such terms, conditions, and upon such notice as the board may determine, and upon the payment of the premium fixed by the board in the proceedings for the issuance of the bonds. No bond is subject to call or redemption prior to its fixed maturity date unless the right to exercise such call is expressly stated on the face of the bond. (Added by Stats. 1957, Ch. 2066.)

Last verified: January 22, 2026

Key Terms

premium bonds issuance redemption maturity

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 50739.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References