Enforcement of rights of bondholders.

Checkout our iOS App for a better way to browser and research.

Any holder of bonds issued pursuant to this part 2 or a trustee under a trust agreement or trust indenture entered into pursuant to this part 2, except to the extent that his rights are restricted by any bond resolution, may protect and enforce, by any suitable form of legal proceedings, any rights under the laws of this state or granted by the bond resolution. Such rights include the right to compel the performance of all duties of the authority required by this part 2 or the bond resolution and to enjoin unlawful activities.

Source: L. 79: Entire article added, p. 822, § 1, effective July 18.


Download our app to see the most-to-date content.