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HomeHealth and Safety CodeDiv. 27Ch. 1Art. 6§ 44554 Bondholder Rights And Enforcement

§ 44554 Bondholder Rights And Enforcement

Health and Safety Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 44554 Bondholder Rights And Enforcement

Key Takeaways

  • •If someone owns bonds or notes from the government, they can go to court to make sure their rights are protected.
  • •They can also make sure the government does what it promised, like charging the right fees or collecting money as agreed.
  • •This applies to any rules set by the government or in the bond agreement.

Example

A person buys a government bond that promises to pay them back with interest. Later, the government stops collecting the fees it needs to pay back the bond holders.

The person who bought the bond can take the government to court to make them start collecting the fees again, so they get their money back as promised.

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

Official Source
View on CA.gov

§ 44554 Bondholder Rights And Enforcement

Any holder of bonds, notes, or other obligations issued under the provisions of this division, and the trustee or trustees under any trust agreement, except to the extent the rights herein given may be restricted by any resolution authorizing the issuance of, or any trust agreement securing, bonds, notes, or other obligations, may, either at law or in equity, by suit, action, mandamus, or other proceedings, protect and enforce any and all rights under the laws of the state or granted hereunder or under resolution or trust agreement, and may enforce and compel the performance of all duties required by this division or by resolution or trust agreement to be performed by the authority or by any officer, employee, or agent thereof, including the fixing, charging, and collecting of the rates, rents, fees, and charges herein authorized and required by the provisions of the resolution or trust agreement to be fixed, established, and collected. (Amended by Stats. 2009, Ch. 643, Sec. 28. (SB 832) Effective November 2, 2009.)

Last verified: January 24, 2026

Key Terms

agreementresolutionperformanceemployeeobligationauthorityeffective novemberissuance

Related Statutes

  • § 34248 Housing Authority Powers Transfer
  • § 34324 Joint Housing Authority Powers
  • § 44534 Financing Application Approval Timeline
  • § 44551 Project Lease Agreements
  • § 37936 Bondholder Rights And Enforcement

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Health and Safety Code. Section 44554.
View Official Source