Pennsylvania § 8119 - Rights of obligation holders and trustees.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 8119 — Rights of obligation holders and trustees., with citation guidance and answers to common questions.
§ 8119. Rights of obligation holders and trustees.
(a) Scope.--This section applies to all of the following:
(1) A holder of:
(i) a bond, note or other obligation issued under this chapter; or
(ii) a coupon attached to the bond, note or other obligation.
(2) The trustee under an applicable trust indenture.
(b) Enforcement.--Subject to subsection (c), a person referred to in subsection (a) may, by an action at law or in equity, do all of the following:
(1) Protect and enforce rights granted under this chapter or under the resolution or trust indenture.
(2) Enforce and compel performance of all duties required by this chapter or by the resolution or trust indenture to be performed by the commission or an officer of the commission. This paragraph includes fixing, charging and collecting of tolls for the use of the turnpikes.
(c) Restriction.--Rights under this chapter may be restricted by resolution passed before the issuance of the bond, note or other obligation or by the trust indenture.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 8119
What does Pennsylvania Consolidated Statutes § 8119 cover?
Section 8119 ("Rights of obligation holders and trustees.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. 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 Pennsylvania § 8119?
A common citation format is "Pennsylvania Consolidated Statutes § 8119" (Pennsylvania). 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 Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 8119 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania 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 Pennsylvania.