California · Water Code
WAT §9400: Whenever any of the bonds are sold or delivered by the State Treasurer either to a purchaser thereof or upon an order from the board payable in such bonds, the State Treasurer shall first detach there
What this law says, in plain English
The State Treasurer must detach bonds before selling or delivering them to a purchaser or upon board order payable in bonds.
Read the full statutory text
Whenever any of the bonds are sold or delivered by the State Treasurer either to a purchaser thereof or upon an order from the board payable in such bonds, the State Treasurer shall first detach therefrom and cancel all past due interest coupons and deliver the canceled coupons to the board or its secretary.
Verify at the official source: California legislative text
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