Home/Alabama/Statutes/Title 41: State Government/Ch. 10: Authorities/Art. 15: Alabama State Parking Deck Authority/§ 41-10-510
Alabama Statutes

§ 41-10-510 — Bonds and Coupons Deemed Negotiable Instruments

Alabama·Title 41 State Government·Ch. 10 Authorities·Art. 15 Alabama State Parking Deck Authority
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.

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Alabama § 41-10-510 (Bonds and Coupons Deemed Negotiable Instruments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Acts 1990, No. 90-603, p. 1094, §21.)

Nearby Sections

15
§ 41-1-1
Sovereignty and Jurisdiction of State; Territorial Waters; Legislative Findings
§ 41-1-10
Section 41-1-9 Deemed Declarative of Existing Law
§ 41-1-11
State Agencies Authorized to Increase Fees in Accordance with the Consumer Price Index
§ 41-1-12
State Agencies Required to Take Certain Measures to Prevent Fraud Before Paying Benefits to Recipients
§ 41-1-13
Use of Central Bank Digital Currency
§ 41-1-14
Authorization to Expend Public Funds for the Purpose of Carrying Out Statutory Duties
§ 41-1-15
Unfair Treatment of Females or Males; Establishment of Certain Single-Sex Spaces or Environments
§ 41-1-2
Maintenance and Defense of State Authority and Jurisdiction
§ 41-1-20
Establishment of Remittance Requirements; Applicability; Payment Procedures
§ 41-1-21
Penalties
§ 41-1-22
Penalties Waived for Good Faith Attempt
§ 41-1-23
Promulgation of Rules and Regulations
§ 41-1-3
Compromise of Claims in Favor of State
§ 41-1-4
When Bonds of State Payable
§ 41-1-40
Legislative Findings
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