Cal. Gov. Code § 5106

Current through the 2023 Legislative Session.
Section 5106 - Guarantors' obligation extended for period of default

Whenever by operation of law or by order any issuing body defaults in the payment of its bonded indebtedness, the obligations of guarantors shall be extended for the period of the default but not to exceed three years after the commencement thereof.

Ca. Gov. Code § 5106

Enacted by Stats. 1943, Ch. 134.