California Government Code

§ 59598

GOV § 59598Div. 1 · Title 6 · Ch. 5 · Art. 16

Statute text

If the discharge of the original bonds of any nonconsenting holders at less than par has been authorized by any final decree or order confirming a plan of readjustment pursuant to a federal bankruptcy law in any proceedings initiated pursuant to this chapter, the legislative body may perform all acts necessary to discharge the bonds pursuant to the decree or order.

Legislative history

Added by Stats. 1951, Ch. 331.