California Law (Last Updated: March 4, 2014) |
Streets and Highways Code - SHC |
Division 7. THE IMPROVEMENT ACT OF 1911 |
Part 5. IMPROVEMENT BONDS |
Chapter 3. Payments on Assessments at Bond |
Section 6444.
Latest version.
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The treasurer may accept payments of installments of interest unaccompanied by payments of installments of principal which are due. The acceptance of such interest payments shall not effect the delinquent status of any installments of principal.
(Added by Stats. 1941, Ch. 79.)