Remedies of bondholders and noteholders

§ 20.25. Remedies of bondholders and noteholders. 1. The supreme court\nshall have jurisdiction of any suit, action or proceeding by or on\nbehalf of the holders of any bonds or notes issued by a trust. The venue\nof any such suit, action, or proceeding shall be laid in the county in\nwhich the principal office of the trust is located.\n 2. Before the principal of notes or bonds of a trust is declared due\nand payable by or on behalf of bondholders and noteholders thereof,\nthirty days notice shall first be given in writing to the governor, to\nthe attorney general of the state, to the mayor of the municipality or\nchief executive officer of the county in which the principal office of\nthe trust is located and to the trust.\n