Arizona § 48-3250 Change in terms of agreement; effective date

Arizona Statutes

§ 48-3250 — Change in terms of agreement; effective date

Arizona § 48-3250

Title 48Arizona Revised Statutes

Ch. 19IRRIGATION AND WATER CONSERVATION DISTRICTS

Art. 12Insolvency of District

This text of Arizona § 48-3250 (Change in terms of agreement; effective date) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 48-3250 (2026).

Text

If the committee determines at any time that it is necessary or desirable to change or deviate from the terms, conditions and proposals of the plan adopted and set forth in the bondholders' agreement, it shall reduce the proposed change or deviation to writing and submit it to the board of directors for approval or rejection. If the proposed change or deviation is approved by the board of directors, the committee shall mail a copy thereof, postage prepaid, to each bondholder who has deposited his bonds to the last known place of residence of the holder. The changes or deviations proposed by the committee and approved by the board of directors shall become a part of the bondholders' agreement and binding upon all bondholders who have not withdrawn their deposited bonds within thirty days fr

Free access — add to your briefcase to read the full text and ask questions with AI

If the committee determines at any time that it is necessary or desirable to change or deviate from the terms, conditions and proposals of the plan adopted and set forth in the bondholders' agreement, it shall reduce the proposed change or deviation to writing and submit it to the board of directors for approval or rejection. If the proposed change or deviation is approved by the board of directors, the committee shall mail a copy thereof, postage prepaid, to each bondholder who has deposited his bonds to the last known place of residence of the holder. The changes or deviations proposed by the committee and approved by the board of directors shall become a part of the bondholders' agreement and binding upon all bondholders who have not withdrawn their deposited bonds within thirty days from the date of the deposit of the copies of such notice in the United States post office at the city of Phoenix.