Alabama § 22-21-327 Securities and Coupons as Negotiable Instruments

Alabama Statutes

§ 22-21-327 — Securities and Coupons as Negotiable Instruments

Alabama § 22-21-327

Title 22Health, Mental Health, and Environmental Control

Ch. 21Hospitals and Other Health Care Facilities Generally

Art. 11Health Care Authorities

This text of Alabama § 22-21-327 (Securities and Coupons as Negotiable Instruments) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 22-21-327 (2026).

Text

Securities issued by an authority, while not registered, shall be construed to be negotiable instruments although payable solely from a specified or limited source. All coupons applicable to any securities issued by an authority, while the applicable securities are not registered as to both principal and interest, shall likewise be construed to be negotiable instruments although payable solely from a specified or limited source.

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Securities issued by an authority, while not registered, shall be construed to be negotiable instruments although payable solely from a specified or limited source. All coupons applicable to any securities issued by an authority, while the applicable securities are not registered as to both principal and interest, shall likewise be construed to be negotiable instruments although payable solely from a specified or limited source.