If any member of the legislative body whose signature appears on bonds ceases to be a member of the legislative body before delivery of the bonds, his or her signature is as effective as if he or she had remained in office. Bonds issued pursuant to this chapter are fully negotiable.
Cal. Gov. Code § 53391
Senior Obligation Bonds
Known as the Community Rehabilitation District Law
The act spans §§ 53370–53394 (42 sections).
Added by Stats. 1985, Ch. 906, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.