California · Code of Civil Procedure - CCP
CCP §995.720: (a) The market value of bonds or notes, including bearer bonds and bearer notes, shall be agreed upon by stipulation of the principal and beneficiary or, if the bonds or notes are given in an action o
What this law says, in plain English
The market value of bonds or notes is determined by agreement between the principal and beneficiary, or as established in legal proceedings involving those bonds or notes.
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