{"code":"GOV","codeName":"Government Code","section":"59598","citation":"Gov. Code, § 59598","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 6. DISTRICTS [58000. - 62464.]","url":"https://blackletter.si/government-code/title-6"},{"name":"DIVISION 1. GENERAL [58000. - 60375.5.]","url":"https://blackletter.si/government-code/title-6/division-1"},{"name":"CHAPTER 5. Special Assessment and Bond Refunding Law of 1939 [59100. - 59674.]","url":"https://blackletter.si/government-code/title-6/division-1/chapter-5"},{"name":"ARTICLE 16. Acquisition and Cancellation of Bonds of Nonconsenting Bondholders [59590. - 59598.]","url":"https://blackletter.si/government-code/title-6/division-1/chapter-5/article-16"}],"history":"Added by Stats. 1951, Ch. 331.","effective":null,"html":"<p>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.</p>","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.","otherVersions":[],"url":"https://blackletter.si/government-code/acquisition-and-cancellation-of-bonds-of-nonconsenting-59598","source":"California Legislative Information bulk export (pubinfo)"}