The treasurer may accept payments of installments of interest unaccompanied by payments of installments of principal which are due. The acceptance of such interest payments shall not effect the delinquent status of any installments of principal.
Cal. Sts. & High. Code § 6444
Payments on Assessments at Bond
Known as the Improvement Act
The act spans §§ 5000–6794 (521 sections).
Added by Stats. 1941, Ch. 79.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.