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2017 California Code
Water Code - WAT
DIVISION 11 - IRRIGATION DISTRICTS
PART 9 - BONDS
CHAPTER 2 - Refunding Bonds
ARTICLE 4 - Unauthorized Refunding Modification
Section 25115.
Universal Citation: CA Water Code § 25115 (2017)
25115.
The approval of the holders of outstanding refunding bonds affected by the modification shall be evidenced by either of the following:
(a) The written consent of all of the owners and holders of the bonds.
(b) An order under federal bankruptcy law that is binding upon the holders and owners of all of the outstanding refunding bonds affected.
(Amended by Stats. 2002, Ch. 94, Sec. 8. Effective January 1, 2003.)
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