ARTICLE 10. Remedies of Bondholders

Article 10 added by Stats. 1949, Ch. 81.

§§ 54640–54649 · 10 sections

• § 54640 Subject to any contractual limitations binding upon a bondholder or his trustee, any bondholder or his trustee has the remedies set forth in this article for…
• § 54641 Such contractual limitations include, but are not limited to, any limitation upon the exercise of a remedy to bondholders or their trustees holding a specific…
• § 54642 By mandamus or other suit or proceeding at law or in equity a bondholder or his trustee may enforce his rights against the local agency, its legislative body,…
• § 54643 By a suit in equity a bondholder or his trustee may require the local agency and its legislative body to account as the trustee of an express trust.
• § 54644 By suit in equity a bondholder or his trustee may enjoin any acts or things which are unlawful or violate the bondholders’ rights.
• § 54645 The remedies conferred upon any bondholder or his trustee by this chapter do not exclude any other remedy. Each remedy is cumulative and in addition to every…
• § 54646 A waiver of any default or breach of duty or contract by any bondholder or his trustee does not affect any subsequent default or breach of duty or contract nor…
• § 54647 The delay or omission of any bondholder or his trustee to exercise any right or power accruing upon any default does not impair the right or power and is not a…
• § 54648 Every substantive right and remedy conferred upon the bondholders or their trustee may be enforced and exercised as often as is deemed expedient.
• § 54649 If a suit, action, or proceeding to enforce any right or exercise any remedy is abandoned or determined adversely to the bondholders or their trustees, the…