California § 15826. 15826. (Added by Stats. 1955, Ch. 1686.)

California Statutes

§ 15826. — 15826. (Added by Stats. 1955, Ch. 1686.)

California § 15826.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.3.

Title 2.DIVISION 3. EXECUTIVE DEPARTMENT

Part 10b.PART 10b. STATE BUILDING CONSTRUCTION

Ch. 4.CHAPTER 4. Certificates

This text of California § 15826. (15826. (Added by Stats. 1955, Ch. 1686.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 15826. (2026).

Text

The State Treasurer shall act as trustee for the board and the holders of the certificates issued under this part, and the board may authorize the trustee to act on behalf of the holders of the certificates, or any stated percentage thereof, and to exercise and prosecute on behalf of the holders of the certificates such rights and remedies as may be available to the holders.
The board shall, by resolution, prescribe the duties and powers of such trustee with respect to the issuance, authentication, sale, and delivery of the certificates, and the payment of principal and interest thereof, the redemption of the certificates, and the
					 management, exclusive of the investment or reinvestment thereof, of any sinking fund or other funds provided as security for the certificates.

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The State Treasurer shall act as trustee for the board and the holders of the certificates issued under this part, and the board may authorize the trustee to act on behalf of the holders of the certificates, or any stated percentage thereof, and to exercise and prosecute on behalf of the holders of the certificates such rights and remedies as may be available to the holders.
The board shall, by resolution, prescribe the duties and powers of such trustee with respect to the issuance, authentication, sale, and delivery of the certificates, and the payment of principal and interest thereof, the redemption of the certificates, and the
management, exclusive of the investment or reinvestment thereof, of any sinking fund or other funds provided as security for the certificates.

Legislative History

Added by Stats. 1955, Ch. 1686.

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California § 15826., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/15826..