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HomePublic Utilities CodeDiv. 6Ch. 6.5Art. 10§ 13164 Bond Validity Conclusive Evidence

§ 13164 Bond Validity Conclusive Evidence

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

§ 13164 Bond Validity Conclusive Evidence

Key Takeaways

  • •Once the board approves and issues bonds, their decision about the facts is final and cannot be questioned in court.
  • •If someone buys these bonds in good faith, they don’t have to check if all the rules were followed before the bonds were sold.
  • •The buyer also doesn’t need to worry about how the money from selling the bonds is used.

Example

Imagine a city sells bonds to raise money for building a new school. A person buys one of these bonds.

Even if someone later argues in court that the city didn’t follow all the rules when selling the bonds, the buyer doesn’t have to prove anything. The city’s decision is final, and the buyer is protected as long as they bought the bond honestly.

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

Official Source
View on CA.gov

§ 13164 Bond Validity Conclusive Evidence

From and after the issuance of any issue of bonds the findings and determinations of the board respecting that issue made pursuant to this article shall be conclusive evidence of the existence of the facts so found and determined in any action or proceeding in any court in which the validity of such bonds is at issue, and no bona fide purchaser of any such bond containing the certification and recital permitted by this article shall be required to see to the existence of any fact, or to the performance of any condition, or the taking of any proceeding, required prior to such issue, or to the application of the purchase price paid for such bonds. (Added by Stats. 1957, Ch. 2237.)

Last verified: January 23, 2026

Key Terms

findings and determinationsconclusive evidencebona fide purchaservalidity of such bonds

Related Statutes

  • § 13161 Bond Issuance Financial Requirements
  • § 13162 Board Resolution Authority
  • § 13163 Bond Issuance Certification Requirements
  • § 13165 Bond Issuance Completion Rules
  • § 13166 Bond Validity Protection

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 13164.
View Official Source