Section 92528 Of Article 4. Indentures From California Education Code >> Division 9. >> Title 3. >> Part 57. >> Chapter 5. >> Article 4.
92528
. An indenture may include a clause prescribing procedure by
which the terms and conditions of the indenture may be subsequently
amended or modified with the consent of the regents and the vote or
written assent of the holders of a specified principal amount or
specified proportion of the bonds issued and outstanding. Such clause
may provide for meetings of bondholders and for the manner in which
the consent of the bondholders may be given. The clause shall
specifically state the effect of such amendment or modification upon
the rights of the holders of all of the bonds and interest coupons
appertaining to the bonds, whether attached to the bonds or detached
from the bonds.