Home/California/Statutes/Code GOV: Government Code - GOV/Div.: 1./Title 6.: DIVISION 1. GENERAL/Ch. 5.: CHAPTER 5. Special Assessment and Bond Refunding Law of 1939/Art. 16.: ARTICLE 16. Acquisition and Cancellation of Bonds of Nonconsenting Bondholders/§ 59596.
California Statutes

§ 59596. — 59596. (Added by Stats. 1951, Ch. 331.)

California § 59596.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.1.
Title 6.DIVISION 1. GENERAL
Ch. 5.CHAPTER 5. Special Assessment and Bond Refunding Law of 1939
Art. 16.ARTICLE 16. Acquisition and Cancellation of Bonds of Nonconsenting Bondholders

This text of California § 59596. (59596. (Added by Stats. 1951, Ch. 331.)) 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 § 59596. (2026).

Text

When money is placed in any fund for the retirement or payment of the original bonds of nonconsenting holders it shall be used only for that purpose. After all the original bonds of nonconsenting holders have been paid or retired, any sum remaining in the fund shall be returned to the local agency which advanced it.

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Legislative History

Added by Stats. 1951, Ch. 331.
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California § 59596., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/59596..