Cal. MVC § 1005.4
This is the official text of Cal. MVC § 1005.4, 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
Whenever a bank or trust company is acting as trustee by reason of any default, or for the protection of the interests of the debenture holders, the bank or trust company as such trustee, shall take such action as the holders or registered owners of 20 percent in principal amount of all the debentures 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.
Status: in_force · Read it on the official government site
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