(1) In the event of default, any bondholder or trustee may enforce any covenant through any mandamus, injunction, or other equitable proceeding, consistent with the bond proceedings. (2) Any trustee may be empowered to receive and administer pledged revenue and ensure payment of debt service under the terms of a trust indenture.
Neb. Rev. Stat. § 39-2936
Obligation; default; bond holder or trustee; powers
Laws 2026, LB1126, § 36
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.