Georgia § 52-2-27 - Revenue bonds - Protection of rights of bondholders.
Full text of Georgia Official Code of Georgia Annotated § 52-2-27 — Revenue bonds - Protection of rights of bondholders., with citation guidance and answers to common questions.
§ 52-2-27. Revenue bonds - Protection of rights of bondholders.
While any of the bonds issued by the authority remain outstanding, the powers, duties, or existence of the authority or of its officers, employees, or agents shall not be diminished or impaired in any manner that will affect adversely the interest and rights of the holders of such bonds; and no other entity, department, agency, or authority will be created which will compete with the authority to such an extent as to affect adversely the interests and rights of the holders of the bonds nor will the state itself so compete with the authority. This chapter shall be for the benefit of the state, the authority, and the holders of any such bonds and, upon the issuance of bonds under this chapter, shall constitute a contract with the holders of the bonds. (Ga. L. 1945, p. 464, § 17.)
Frequently Asked Questions About Georgia § 52-2-27
What does Official Code of Georgia Annotated § 52-2-27 cover?
Section 52-2-27 ("Revenue bonds - Protection of rights of bondholders.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. 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 Georgia § 52-2-27?
A common citation format is "Official Code of Georgia Annotated § 52-2-27" (Georgia). 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 Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 52-2-27 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia 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 Georgia.