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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>80486</law_id><section_number>23.1-1213</section_number><catch_line>Enforcement of rights and duties by bondholder or trustee under trust indenture</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="23.1">Institutions of Higher Education; Other Educational and Cultural Institutions</unit><unit label="subtitle" level="2" order_by="1" identifier="III">Management and Financing</unit><unit label="chapter" level="3" order_by="1" identifier="12">Virginia College Building Authority</unit><unit label="article" level="4" order_by="1" identifier="1">General Provisions; Powers and Duties</unit></structure><text>
						<section><p>Any (i) holder of <span class="dictionary">bonds</span> issued under the provisions of this article or any of the coupons appertaining to such <span class="dictionary">bonds</span> and (ii) trustee under any trust indenture may, either at <span class="dictionary">law</span> or in <span class="dictionary">equity</span>, by suit, action, mandamus, or other proceeding, (a) protect and enforce any and all rights under the <span class="dictionary">laws</span> of the Commonwealth, the trust indenture, or the resolution authorizing the issuance of such <span class="dictionary">bonds</span> and (b) enforce and compel the performance of all duties required by this article or such trust indenture or resolution to be performed by the Authority or by any officer of the Authority, except to the extent that such rights are restricted by the trust indenture or the resolution authorizing the issuance of such <span class="dictionary">bonds</span>.</p></section></text><history>1964, c. 607, &#xA7; 23-30.32; 1966, c. 685; 2016, c. 588.</history><metadata></metadata></law>
