California · Harbors and Navigation Code - HNC
HNC §7217: The full amount of bonds may be divided into two or more series and different dates fixed for the bonds of each series.
What this law says, in plain English
This statute permits bonds to be split into multiple series with different maturity dates assigned to each series.
Read the full statutory text
The full amount of bonds may be divided into two or more series and different dates fixed for the bonds of each series. The maximum term which the bonds of any series shall run before maturity shall not exceed 40 years from the date of each series respectively.
Verify at the official source: California legislative text
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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.