{"code":"GOV","codeName":"Government Code","section":"50734","citation":"Gov. Code, § 50734","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 5. LOCAL AGENCIES [50001. - 57607.]","url":"https://blackletter.si/government-code/title-5"},{"name":"DIVISION 1. CITIES AND COUNTIES [50001. - 52203.]","url":"https://blackletter.si/government-code/title-5/division-1"},{"name":"PART 1. POWERS AND DUTIES COMMON TO CITIES AND COUNTIES [50001. - 51299.4.]","url":"https://blackletter.si/government-code/title-5/division-1/part-1"},{"name":"CHAPTER 3.5. Revenue Bonds for Public Improvements [50701. - 50798.4.]","url":"https://blackletter.si/government-code/title-5/division-1/part-1/chapter-3.5"},{"name":"ARTICLE 2. Revenue Bonds [50715. - 50753.]","url":"https://blackletter.si/government-code/title-5/division-1/part-1/chapter-3.5/article-2"}],"history":"Added by Stats. 1957, Ch. 2066.","effective":null,"html":"<p>The board may designate a bank or trust company, qualified to do business in this State, as a trustee for the holders of bonds issued hereunder, and may authorize the trustee to act on behalf of the holders of the bonds, or any stated percentage thereof, and to exercise and prosecute on behalf of the holders of the bonds such rights and remedies as may be available to the holders.</p>","text":"The board may designate a bank or trust company, qualified to do business in this State, as a trustee for the holders of bonds issued hereunder, and may authorize the trustee to act on behalf of the holders of the bonds, or any stated percentage thereof, and to exercise and prosecute on behalf of the holders of the bonds such rights and remedies as may be available to the holders.","otherVersions":[],"url":"https://blackletter.si/government-code/revenue-bonds-50734","source":"California Legislative Information bulk export (pubinfo)"}