TITLE 5. LOCAL AGENCIES 50001-57607›DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES 53000-55821›PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES 53000-54999.7›CHAPTER 3. Bonds 53400-53595.55›ARTICLE 2. Mutilated or Defaced Bonds 53430-53440
§ 53431
California Government Code · 2020-11 edition · updated 2026-10-04 · California
When a bond of a local agency is mutilated or defaced the legislative body shall issue a duplicate if all of the following conditions exist:
(a) It appears by clear and unequivocal proof that the bond is so mutilated or defaced as to impair its value to the owner.
(b) There is no bad faith on the part of the owner.
(c) The bond is identifiable by number and description.
(d) The regulations, including restrictions as to time and retention for security or otherwise, prescribed by the legislative body are met.
(Added by Stats. 1949, Ch. 81.)
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