Section 54649 Of Article 10. Remedies Of Bondholders From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 6. >> Article 10.

. If a suit, action, or proceeding to enforce any right or exercise any remedy is abandoned or determined adversely to the bondholders or their trustees, the local agency and bondholder or trustee shall be restored to their former positions, rights, and remedies as if such suit, action, or proceeding had not been brought or taken.