Georgia § 20-2-460 - District bonds - Sinking fund for holders failing or refusing to sell or exchange outstanding bonds.
Full text of Georgia Official Code of Georgia Annotated § 20-2-460 — District bonds - Sinking fund for holders failing or refusing to sell or exchange outstanding bonds., with citation guidance and answers to common questions.
§ 20-2-460. District bonds - Sinking fund for holders failing or refusing to sell or exchange outstanding bonds.
Should any holder of an outstanding schoolhouse bond which is not due or which has not matured in accordance with the provisions thereof fail or refuse to sell or exchange such bond or bonds for refunding schoolhouse bonds issued in accordance with this subpart, it shall be the duty of the officials of the school district which issued such bond or bonds to set aside from the proceeds of the sale of the refunding schoolhouse bonds a sinking fund under all the regulations now provided by law for sinking funds for schoolhouse bonds for the purpose of retiring such bonds when they mature and paying the interest accrued or to accrue thereon. (Ga. L. 1937, p. 869, § 14.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 20-2-460
What does Official Code of Georgia Annotated § 20-2-460 cover?
Section 20-2-460 ("District bonds - Sinking fund for holders failing or refusing to sell or exchange outstanding bonds.") 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 § 20-2-460?
A common citation format is "Official Code of Georgia Annotated § 20-2-460" (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 § 20-2-460 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.