Amended by Stats. 2002, Ch. 94, Sec. 7. Effective January 1, 2003.
An agreement or plan may not be carried out pursuant to this article until a proposal therefor is approved by the voters, and a plan may not be carried out until it is either:
(a)Agreed to in writing by all of the holders of bonds and warrants affected.
(b)Confirmed in accordance with federal bankruptcy law.
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