Los Angeles case could threaten real property debt

Figler, Andrea
January 1999
Bond Buyer;01/14/99, Vol. 327 Issue 30558, p6
Trade Publication
States that the local government of Los Angeles, California is seeking to invoke a state law that could strip bondholders in a multifamily housing issue of their right to foreclose on the project. Definition of the one-action rule; City's allegation that the BNY Western Trust Co. violated the state's real and personal property laws.


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