California § 1005.4. 1005.4. (Amended by Stats. 1979, Ch. 302.)

California Statutes

§ 1005.4. — 1005.4. (Amended by Stats. 1979, Ch. 302.)

California § 1005.4.

JurisdictionCalifornia

Code MVCMilitary and Veterans Code - MVC

Div. 4.DIVISION 4. VETERANS' AID AND WELFARE

Ch. 7.CHAPTER 7. Veterans’ Revenue Debenture Act of 1970

Art. 6.ARTICLE 6. Remedies of Debenture Holders

This text of California § 1005.4. (1005.4. (Amended by Stats. 1979, Ch. 302.)) 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. Military and Veterans Code - MVC Code § 1005.4. (2026).

Text

Whenever a bank or trust company is acting as trustee by reason of any default, or for the protection of the interests of the debenture holders, the bank or trust company as such trustee, shall take such action as the holders or registered owners of 20 percent in principal amount of all the debentures then outstanding shall request in writing, provided that the bank or trust company as such trustee may request reasonable security before taking any action so requested.

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Whenever a bank or trust company is acting as trustee by reason of any default, or for the protection of the interests of the debenture holders, the bank or trust company as such trustee, shall take such action as the holders or registered owners of 20 percent in principal amount of all the debentures then outstanding shall request in writing, provided that the bank or trust company as such trustee may request reasonable security before taking any action so requested.