California Statutes
§ 5108. — 5108. (Enacted by Stats. 1943, Ch. 134.)
California·Code GOV Government Code - GOV·Div. 6.·Title 1. DIVISION 6. PUBLIC BONDS AND OBLIGATIONS·Ch. 2. CHAPTER 2. Protection of Bond Guarantors
If the guarantors function in the capacity of trustee or if the custody of the bonds is in the possession of a trustee, and administered by the trustee, he shall be required to distribute interest and principal, in the proportion that each is received by him, to the beneficiaries under the trust.
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California § 5108. (5108. (Enacted by Stats. 1943, Ch. 134.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Stats. 1943, Ch. 134.