California Government Code 16651 – Whenever the statute of limitations has run against any outstanding …
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Whenever the statute of limitations has run against any outstanding bond or coupon issued by the State, the Treasurer may, at such time as he may determine, withdraw from the fiscal agents any money transferred to the fiscal agents to meet the payment of the bond or coupon and deposit it in the Treasury to the credit of the General Fund.
(Amended by Stats. 1959, Ch. 1649.)
Terms Used In California Government Code 16651
- State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.