Property sold hereunder may not be sold for less than the amount of the judgment plus postjudgment interest and authorized costs without the consent of the owners of 75 percent by value of the outstanding bonds.
Cal. Gov. Code § 53356.6
Bonds
Known as the Mello-Roos Community Facilities Act
The act spans §§ 53311–53368 (152 sections).
Added by Stats. 1988, Ch. 1365, Sec. 23.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.