California Government Code 54471 – The legislative body may provide for the vesting in a trustee of the …
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The legislative body may provide for the vesting in a trustee of the right to enforce covenants to secure payment of or in relation to the bonds and the trustee’s powers, duties, and the limitation of his liabilities.
(Added by Stats. 1949, Ch. 81.)
Terms Used In California Government Code 54471
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Trustee: A person or institution holding and administering property in trust.