Government Code section 59598

If the discharge of the original bonds of any nonconsenting holders at less than par has been authorized by any final decree or order confirming a plan of readjustment pursuant to a federal bankruptcy law in any proceedings initiated pursuant to this chapter, the legislative body may perform all acts necessary to discharge the bonds pursuant to the decree or order.

Source: Section 59598, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=59598. (updated Jan. 1, 1951; accessed Sep. 1, 2025).

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Verified:
Sep. 1, 2025

§ 59598's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_59598

Original Source: Section 59598, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=59598. (last accessed May 12, 2025).