(a) Grant of rights.--A holder of a bond, note or other obligation issued under this chapter and the trustee under the trust indenture may, either at law or in equity, by suit, action, mandamus or other proceeding, do all of the following:
(1) Protect and enforce any right granted under this chapter or under the resolution or trust indenture.
(2) Enforce and compel performance of all duties required under this chapter or by resolution or trust indenture to be performed by the commission or any of its officers, including the collection of the pledged revenues.
(b) Exception.--Rights given under this chapter may be restricted by resolution passed before the issuance of the bonds, notes or other obligations or by the trust indenture.
(July 18, 2007, P.L.169, No.44, eff. imd.)
2007 Amendment. Act 44 added section 9511.10.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 95 - Taxes for Highway Maintenance and Construction
Section 9502 - Imposition of tax
Section 9503 - Reports and payment of tax (Repealed)
Section 9504 - Timely mailing treated as timely filing and payment (Repealed)
Section 9505 - Extension of time to file reports (Repealed)
Section 9506 - Administration and enforcement (Repealed)
Section 9507 - Interstate cooperation in collecting tax (Repealed)
Section 9508 - Assessment and appeals (Repealed)
Section 9509 - Retention of records (Repealed)
Section 9510 - Penalties (Repealed)
Section 9511 - Allocation of proceeds
Section 9511.1 - Imposition of additional tax (Repealed)
Section 9511.2 - Special revenue bonds
Section 9511.4 - Special revenue bonds and preliminary or interim financing
Section 9511.6 - Trust indenture, protection of holders of obligations and depositories
Section 9511.7 - Exemption from Commonwealth taxation
Section 9511.8 - Costs related to Federal income tax matters
Section 9511.9 - Special revenue refunding bonds
Section 9511.10 - Remedies of trustees and of holders of obligations
Section 9511.11 - Pledged revenues
Section 9511.13 - Supplement to other laws and liberal construction