Alabama Statutes
§ 22-21-327 — Securities and Coupons as Negotiable Instruments
Alabama·Title 22 Health, Mental Health, and Environmental Control·Ch. 21 Hospitals and Other Health Care Facilities Generally·Art. 11 Health Care Authorities
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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Alabama § 22-21-327 (Securities and Coupons as Negotiable Instruments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1982, No. 82-418, p. 629, §18.)
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