California § 5953. 5953. (Added by Stats. 1994, Ch. 972, Sec. 3.)

California Statutes

§ 5953. — 5953. (Added by Stats. 1994, Ch. 972, Sec. 3.)

California·Code GOV Government Code - GOV·Div. 6.·Title 1. DIVISION 6. PUBLIC BONDS AND OBLIGATIONS·Ch. 13. CHAPTER 13. Fractional Interest in Local Agency Obligations

No local agency that consents to an offer or sale of a security that constitutes a fractional interest in a lease, installment sale, or other obligation of the local agency shall be required to review any proceedings relating to the creation of the security or any of the offering or placement memoranda or any other marketing or descriptive materials relating to the security, and all memoranda or materials shall include a prominent statement on the face thereof substantially to the effect that the consenting local agency (specified by name) has not reviewed any of the proceedings relating to the creation of the security or any of the offering or placement memoranda or other marketing materials relating thereto.

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

No local agency that consents to an offer or sale of a security that constitutes a fractional interest in a lease, installment sale, or other obligation of the local agency shall be required to review any proceedings relating to the creation of the security or any of the offering or placement memoranda or any other marketing or descriptive materials relating to the security, and all memoranda or materials shall include a prominent statement on the face thereof substantially to the effect that the consenting local agency (specified by name) has not reviewed any of the proceedings relating to the creation of the security or any of the offering or placement memoranda or other marketing materials relating thereto.

California § 5953. (5953. (Added by Stats. 1994, Ch. 972, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.