California Government Code 54647 – The delay or omission of any bondholder or his trustee to exercise …
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The delay or omission of any bondholder or his trustee to exercise any right or power accruing upon any default does not impair the right or power and is not a waiver of the default or acquiescence in it.
(Added by Stats. 1949, Ch. 81.)
Terms Used In California Government Code 54647
- Trustee: A person or institution holding and administering property in trust.