No court in which a proceeding to invalidate or sustain bonds is brought shall invalidate the bonds unless it finds substantial defects, material errors, and omissions in the bond issue. Matters of form shall be disregarded.
Va. Code Ann. § 15.2-2658
Bonds invalidated only for substantial defects, etc.; matters of form disregarded
Known as the Public Finance Act
The act spans §§ 15.2-2600 to 15.2-2663 (64 sections).
Applied in 1 court decision — leading case Fordney v. Harrisonburg City Council (2000)
Most recently applied in Fordney v. Harrisonburg City Council (March 2000)
Code 1950, § 15-666.62; 1958, c. 640; 1962, c. 623, § 15.1-221; 1991, c. 668, § 15.1-227.60; 1997, c. 587.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.