Ala. Code § 41-10-320

Current through the 2024 Regular Session.

Section 41-10-320 - Bonds and coupons deemed negotiable instruments

All bonds issued by the authority, while not registered, shall be construed to be negotiable instruments even though they are payable from a limited source. All coupons applicable to any bonds issued by the authority, while the applicable bonds are not registered as to both principal and interest, shall likewise be construed to be negotiable instruments although payable from a limited source

Ala. Code § 41-10-320 (1975)

Acts 1986, No. 86-546, p. 1093, §21.