Cal. Gov. Code § 43795

Current through the 2023 Legislative Session.

Section 43795 - Accrued interest to date of redemption placed in special fund; cessation of interest on redemption date

If any bonds called are not presented for redemption on the date fixed, on the day following a sum sufficient for the payment of the principal of such bonds and accrued interest to the date of redemption shall be placed in a special fund for that purpose, and interest on such bonds ceases on the redemption date.

Ca. Gov. Code § 43795

Added by Stats. 1949, Ch. 79.