Section 54647 Of Article 10. Remedies Of Bondholders From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 6. >> Article 10.

. The delay or omission of any bondholder or his trustee to exercise any right or power accruing upon any default does not impair the right or power and is not a waiver of the default or acquiescence in it.