California Government Code

§ 63077

GOV § 63077 Effective Jan 1, 1996Div. 1 · Title 6.7 · Ch. 5

Statute text

The bank, a special purpose trust, or any sponsor or participating party may, out of any funds available therefor, purchase their respective bonds. The bank and a special purpose trust may hold, pledge, cancel, or resell their bonds, subject to and in accordance with agreements with bondholders.

Legislative history

Amended by Stats. 1995, Ch. 863, Sec. 33. Effective January 1, 1996.