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HomePublic Utilities CodeDiv. 10Pt. 11Ch. 4Art. 7§ 99354 County Bondholder Rights Protection

§ 99354 County Bondholder Rights Protection

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

§ 99354 County Bondholder Rights Protection

Key Takeaways

  • •The county must keep the bonds safe and protect the people who own them.
  • •The county will stand up for bondholders if someone tries to take their rights away.
  • •This law makes sure bondholders are treated fairly.

Example

Imagine you lent money to the county by buying a bond, like giving them $100 with a promise to get it back later.

If someone else tries to say that $100 is theirs, the county will step in and say, 'No, this money belongs to the person who bought the bond.' They’ll make sure you get your money back as promised.

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

Official Source
View on CA.gov

§ 99354 County Bondholder Rights Protection

The county shall preserve and protect the security of the bonds and the rights of the bondholders and warrant and defend their rights against all claims and demands of all persons. (Added by Stats. 1971, Ch. 1400.)

Last verified: January 23, 2026

Key Terms

claimthe countysecurity

Related Statutes

  • § 99355 Bond Security Protection Payments
  • § 99360 Bond Revenue Financial Reporting
  • § 848.3 Recovery Property Security Interests
  • § 849.4 Water Supply Property Security
  • § 850.3 Recovery Property Security Interests

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 99354.
View Official Source