§ 81960 Bondholder Enforcement Rights
Imagine a company sells bonds to build a new park. The company is supposed to use the bond money to build and maintain the park, and also to collect and manage the money from park fees.
If the company doesn't build the park or doesn't take care of it, the people who bought the bonds can go to court to make the company do what they promised. They can also use other legal ways to get their money back or fix the problem.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 81960 Bondholder Enforcement Rights
Last verified: January 23, 2026