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HomeGovernment CodeDiv. 1Pt. 1Ch. 3.5Art. 2§ 50741 Bond Signature Validity Rules

§ 50741 Bond Signature Validity Rules

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

§ 50741 Bond Signature Validity Rules

Key Takeaways

  • •The board can use printed or stamped signatures on bonds instead of handwritten ones.
  • •If an officer who signed a bond leaves their job before the bond is given out, their signature is still valid.
  • •The bond is still good even if the person who signed it is no longer working there.

Example

A school board issues bonds to build a new school. The principal signs the bonds, but then retires before the bonds are handed out.

The principal's signature on the bonds is still good, even though they retired. The bonds can still be used to build the school.

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

Official Source
View on CA.gov

§ 50741 Bond Signature Validity Rules

The board may provide for the execution and authentication of bonds by the manual, lithographed or printed facsimile signature of officers of the board. If any of the officers whose signatures or countersignatures appear upon the bonds or coupons cease to be officers before the delivery of the bonds or coupons, their signatures or countersignatures are nevertheless valid and of the same force and effect as if the officers had remained in office until the delivery of the bonds and coupons. (Added by Stats. 1957, Ch. 2066.)

Last verified: January 22, 2026

Key Terms

the boardexecutionauthentication

Related Statutes

  • § 26341 Bond Signature Validity Rules
  • § 26441 Bond Signature Validity Rules
  • § 50715 Local Agency Revenue Bonds
  • § 50736 Bond Issuance Terms Authority
  • § 50740 Bond Payment Locations

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 50741.
View Official Source