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HomePublic Utilities CodeDiv. 6Ch. 6.5Art. 7§ 13136 Bondholder Rights Waiver

§ 13136 Bondholder Rights Waiver

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

§ 13136 Bondholder Rights Waiver

Key Takeaways

  • •This law lets the board decide which rules apply to a specific set of bonds.
  • •The board can say which protections bond holders get and which they don’t.
  • •If a rule isn’t listed in the board’s decision, bond holders can’t use it or enforce it.

Example

Imagine you buy a special kind of ticket (bond) for a school fundraiser. The school says, 'With this ticket, you get free popcorn and a drink, but not a toy.'

The school (the board) decides which perks (rules) you get with your ticket (bond). If they don’t mention the toy (a rule), you can’t ask for it later.

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

Official Source
View on CA.gov

§ 13136 Bondholder Rights Waiver

Anything in this article to the contrary notwithstanding, the board, in any resolution constituting a part of the proceedings for the issuance of any issue of bonds under this chapter may determine that the holders of the bonds of that issue are not to be entitled to the benefits of or to enforce any or all of the provisions of this article, and to that end the board, in such resolution, shall specify the provisions of this article to the benefits of which the holders of the bonds of that issue shall be entitled; and the holders of the bonds of that issue shall not be entitled to the benefits of or to enforce any of the provisions of this article not so specified. (Added by Stats. 1957, Ch. 2237.)

Last verified: January 23, 2026

Key Terms

boardbondholdersprovisionsresolutionbond issuance proceedings

Related Statutes

  • § 13142 Bond Modification Consent Rules
  • § 13105 Bond Issuance Voter Approval
  • § 13107 District Voter Approval Process
  • § 13132 Electric Service Revenue Rates
  • § 13162 Board Resolution Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 13136.
View Official Source