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HomeWater CodeDiv. 6Pt. 3Ch. 8Art. 8§ 11784 Bond Retirement And Cancellation

§ 11784 Bond Retirement And Cancellation

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

§ 11784 Bond Retirement And Cancellation

This law says that when bonds are paid off or bought back early, they must be destroyed right away.

Key Takeaways

  • •Bonds that are paid off or bought back must be canceled right away.
  • •This stops old bonds from being used again by mistake.

Example

A city pays off its old bonds early to save money.

The city must destroy those bonds immediately so they can't be used again.

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

Official Source
View on CA.gov

§ 11784 Bond Retirement And Cancellation

All bonds retired by purchase or call shall be immediately canceled. (Added by Stats. 1943, Ch. 370.)

Last verified: January 11, 2026

Key Terms

bondsretired by purchase or callimmediately canceled

Related Statutes

  • § 11781 Bond Purchase Surplus Handling
  • § 11783 Bond Purchase And Use
  • § 11700 Department Bond Issuance Authority
  • § 11707 Bondholder Protection Requirements
  • § 11723 Bond Revenue Collection Continuation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 11784.
View Official Source