New Jersey § 40:68A-13 Negotiability of bonds or obligations

New Jersey Statutes

§ 40:68A-13 — Negotiability of bonds or obligations

New Jersey § 40:68A-13

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:68A-13 (Negotiability of bonds or obligations) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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N.J. Stat. Ann. § 40:68A-13 (2026).

Text

Any provision of any law to the contrary notwithstanding any bond or other obligation issued pursuant to this act shall be fully negotiable within the meaning and for all purposes of the law merchant and negotiable instruments law of the State, and each holder or owner of such a bond or other obligation, or of any coupon appurtenant thereto, by accepting such bond or coupon shall be conclusively deemed to have agreed that such bond, obligation or coupon is and shall be fully negotiable within the meaning and for all purposes of said law merchant and negotiable instruments law. L.1948, c. 349, p. 1391, s. 13, eff. Sept. 1, 1948.

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Any provision of any law to the contrary notwithstanding any bond or other obligation issued pursuant to this act shall be fully negotiable within the meaning and for all purposes of the law merchant and negotiable instruments law of the State, and each holder or owner of such a bond or other obligation, or of any coupon appurtenant thereto, by accepting such bond or coupon shall be conclusively deemed to have agreed that such bond, obligation or coupon is and shall be fully negotiable within the meaning and for all purposes of said law merchant and negotiable instruments law. L.1948, c. 349, p. 1391, s. 13, eff. Sept. 1, 1948.