California Legal Codes and Statutes

§ 54404

Added by Stats. 1949, Ch. 81.

The bonds are not subject to call or redemption prior to their fixed maturity date unless the right to exercise a call is expressly stated on the face of the bonds.

Cite this section

Cal. Gov. Code § 54404 (2026)
https://ca.codecond.com/codes/gov/title-5-local-agencies/division-2-cities-counties-and-other-agencies/part-1-powers-and-duties-common-to-cities-counties-and-other-agencies/chapter-6-revenue-bond-law-of-1941/article-4-provisions-relating-to-bonds/section-54404

Other sections in Article 4 - Provisions Relating to Bonds

§ 54400§ 54401§ 54402§ 54403§ 54404§ 54405§ 54406§ 54407§ 54408§ 54409…§ 54424§ 54425§ 54426§ 54427§ 54428§ 54429§ 54430§ 54431§ 54432§ 54435

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.