California Statutes
§ 53760. — 53760. (Amended by Stats. 2011, Ch. 675, Sec. 2.)
California·Code GOV Government Code - GOV·Div. 2.·Title 5. DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES·Part 1. PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES·Ch. 4. CHAPTER 4. Financial Affairs·Art. 5. ARTICLE 5. Bankruptcy
A local public entity in this state may file a petition and exercise powers pursuant to applicable federal bankruptcy law if either of the following apply:
(a)The local public entity has participated in a neutral evaluation process pursuant to Section 53760.3.
(b)The local public entity declares a fiscal emergency and adopts a resolution by a majority vote of the governing
board pursuant to Section 53760.5.
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California § 53760. (53760. (Amended by Stats. 2011, Ch. 675, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Legislative History
Amended by Stats. 2011, Ch. 675, Sec. 2. (AB 506) Effective January 1, 2012.