Cal. MVC § 1003.3
This is the official text of Cal. MVC § 1003.3, part of California’s Military and Veterans Code — covers the California National Guard and benefits for military veterans.
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Official statutory text
In the event of cancellation of any pledged contract or forfeiture or other termination thereof for any cause the department shall, as soon as practicable, enter into a new contract covering the same or similar property and shall substitute the new contract in lieu of the pledged contract so canceled or terminated. The income and receipts of the substituted contract shall be pledged in their entirety to the payment of the debentures.
Status: in_force · Read it on the official government site
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