§ 5-431. Enforcement of rights and duties

Latest version.

   (a) In general. -- A bondholder, a holder of any coupons attached to bonds, or a trustee under a trust agreement securing the bonds may sue:

   (1) to protect and enforce rights under State law or a trust agreement; and

   (2) to enforce and compel the performance of duties by an authority or its officer, employee, or agent that this subtitle or a trust agreement requires, including imposing rates, rents, fees, and charges that the trust agreement requires to be imposed.

(b) Rights subject to trust agreement. -- The rights under this section are subject to any trust agreement.

HISTORY: An. Code 1957, art. 23A, § 82; 2013, ch. 119, § 2.

                    
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