Alabama Statutes

§ 41-10-280 — Bonds Constitute Negotiable Instruments; Registration of Transfers

Alabama·Title 41 State Government·Ch. 10 Authorities·Art. 9 Alabama Judicial Building Authority
All bonds (and income therefrom) issued by the authority shall be construed to be negotiable instruments subject to the registration provisions pertaining to transfers, even though they are payable from a limited source.

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Legislative History

(Acts 1986, No. 86-420, p. 627, §21.)

Nearby Sections

15
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