California § 489.3 - Whenever a bank or trust company is acting as trustee by reason of any default, o
Full text of California Public Contract Code - PCC § 489.3 — Whenever a bank or trust company is acting as trustee by reason of any default, o, with citation guidance and answers to common questions.
§ 489.3. Whenever a bank or trust company is acting as trustee by reason of any default, o
Whenever a bank or trust company is acting as trustee by reason of any default, or for the protection of the interests of the revenue bondholders, the bank or trust company as such trustee shall take such action as the holders or registered owners of 25 percent in principal amount of all the revenue bonds then outstanding shall request in writing; provided, that the bank or trust company as such trustee may request reasonable security before taking any action so requested.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 489.3
What does Public Contract Code - PCC § 489.3 cover?
Section 489.3 ("Whenever a bank or trust company is acting as trustee by reason of any default, o") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 489.3?
A common citation format is "Public Contract Code - PCC § 489.3" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 489.3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.