California Legal Codes and Statutes

§ 54409

Added by Stats. 1949, Ch. 81.

In the absence of an express recital on its face that the bond or interim receipt is nonnegotiable, the bond or interim receipt is a negotiable instrument.

Cite this section

Cal. Gov. Code § 54409 (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-54409

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.