Ala. Code § 41-10-510

Current through the 2024 Regular Session.

Section 41-10-510 - Bonds and coupons deemed negotiable instruments

All bonds issued by the authority 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 shall likewise be construed to be negotiable instruments although payable from a limited source.

Ala. Code § 41-10-510 (1975)

Acts 1990, No. 90-603, p. 1094, §21.