Alabama Statutes
§ 22-34-16 — Negotiable Instruments
Alabama·Title 22 Health, Mental Health, and Environmental Control·Ch. 34 Water Pollution Control Authority
All bonds issued by the authority, while 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 registered as to both principal and interest, shall likewise be construed to be negotiable instruments although payable from a limited source.
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Legislative History
(Acts 1987, No. 87-226, p. 317, §18.)
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