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 Jul. 7, 2025).

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Verified:
Jul. 7, 2025

§ 59598's source at ca​.gov