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HomePublic Utilities CodeDiv. 11Ch. 6Art. 5§ 120700 Bond Validity Legal Actions

§ 120700 Bond Validity Legal Actions

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

§ 120700 Bond Validity Legal Actions

Key Takeaways

  • •The board can check if their bonds or other money promises are valid.
  • •They can do this by following a special process in the law.
  • •This helps make sure the money promises are real and legal.

Example

If a school board issues bonds to build a new school, they can check if those bonds are valid.

The board can use this law to make sure the bonds they issued are real and legal, so they can safely borrow money.

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

Official Source
View on CA.gov

§ 120700 Bond Validity Legal Actions

The board may bring an action to determine the validity of any of its bonds, equipment trust certificates, warrants, notes, or other evidences of indebtedness pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure. (Added by Stats. 1983, Ch. 599, Sec. 2.)

Last verified: January 23, 2026

Key Terms

bondsequipment trust certificateswarrantsnotesevidences of indebtednessChapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure

Related Statutes

  • § 105260 District Bond Validation Actions
  • § 100490 Vta Bond Validation Actions
  • § 102600 Bond Validity Legal Action
  • § 103600 Bond Validity Legal Action
  • § 30980 Bond Validity Legal Actions

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 120700.
View Official Source