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HomeGovernment CodeDiv. 2Pt. 2Ch. 14Art. 2§ 26331 Indenture Breach Clause Rights

§ 26331 Indenture Breach Clause Rights

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 26331 Indenture Breach Clause Rights

Key Takeaways

  • •A contract can have rules about what happens if someone breaks the agreement.
  • •These rules can say what the person who broke the agreement must do.
  • •The rules can also say what the other person can do if the agreement is broken.

Example

You sign a contract to rent an apartment. The contract says you can't have pets.

If you get a pet and break the rule, the contract can say you have to pay a fee or move out. It can also say the landlord can keep your deposit.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 26331 Indenture Breach Clause Rights

An indenture may include a clause designating the rights, limitations, powers and duties arising upon breach by the board of any of the covenants, conditions, or obligations contained in any indenture. (Added by Stats. 1947, Ch. 815.)

Last verified: January 22, 2026

Key Terms

agreementindenturebreachobligationcovenantwhat happenssituation

Related Statutes

  • § 26431 Indenture Breach Clause Rights
  • § 50731 Indenture Breach Clause Rights
  • § 6566 Indenture Breach Provisions
  • § 26430 Bond Default Acceleration Clause
  • § 26318 Bond Security Covenants

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 26331.
View Official Source