Pennsylvania Title 75, Section 9511.10 outlines the rights of holders of bonds and obligations issued under this chapter, including legal remedies to enforce rights and duties. It also specifies that these rights can be restricted by prior resolutions or trust indentures. Additionally, the chapter emphasizes its supplemental nature and mandates liberal interpretation to support the welfare of the Commonwealth.
Bondholders can enforce their rights, seek legal remedies, and compel performance of duties by the state or its officers related to bonds issued under this chapter.
Yes, rights may be restricted by resolutions passed before bond issuance or by the trust indenture.
No, this chapter is supplemental and intended to work alongside other statutes, with a liberal interpretation to support public welfare.
The 2007 amendments added specific provisions regarding remedies, the chapter's supplemental nature, and reserved sections for future use.