Government Code section 16489

Any procedure established under this article shall provide that the market value of the bonds shall be regarded, for the purposes thereof, as the equivalent of cash in that amount, in any purchase, sale or transfer of bonds in lieu of cash thereunder.

Source: Section 16489, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=16489. (updated Jan. 1, 1951; accessed Sep. 8, 2025).

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Sep. 8, 2025

§ 16489's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_16489

Original Source: Section 16489, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=16489. (last accessed May 12, 2025).