Section 91540 Of Article 2. Industrial Development Authorities From California Government Code >> Title 10. >> Chapter 1. >> Article 2.
91540
. (a) All property, revenues, and funds, owned or possessed by
an authority for the purposes of this title, shall be exempt from
levy and sale by virtue of execution or other judicial process.
Execution or other judicial process shall not issue against such
property, revenues, or funds nor shall any judgment against an
authority be a charge or lien upon such property, revenues, or funds.
(b) This section does not apply to or limit the right of obligees
to enforce, as appropriate, any indenture or the right of obligees to
pursue any remedies for the enforcement of any assignment by an
authority of or any pledge or lien given by an authority on revenues,
project agreements, administration expenses or any other assets.
(c) This section does not apply to interests of companies.