Florida Statutes

Fla. Stat. § 132.08 (2025)

Exchange of bonds.

✓ 2025 Florida Statutes — current through the 2025 Regular Session

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132.08 Exchange of bonds.—Bonds issued under this chapter may be exchanged for not less than an equal principal amount and accrued interest of indebtedness to be retired thereby, including indebtedness not yet due, if the same be then redeemable or if the holders thereof be willing to surrender the same for retirement, but otherwise shall be sold and the proceeds thereof shall be applied to the payment of such indebtedness and accrued interest due or redeemable which may be so surrendered.

History.—s. 8, ch. 15772, 1931; CGL 1936 Supp. 2383(8).

Notes of Decisions

Cited in 1 case, 1942–1942 · leading case: State v. Spec. Road Bridge Dist. 3 of Palm Beach, 10 So. 2d 341 (Fla. 1942).

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State v. Spec. Road Bridge Dist. 3 of Palm Beach, 10 So. 2d 341 (Fla. 1942). “Section 132.08 also provides that refunding bonds may be exchanged for an equal amount of principal and accrued interest of the original bonds.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.