New Jersey Statutes
§ 40A:66-13 — Bond, obligation, coupon fully negotiable.
New Jersey·Title 40A MUNICIPALITIES AND COUNTIES
13.The provisions of any law, rule, or regulation to the contrary notwithstanding, any bond or other obligation issued pursuant to P.L.2015, c.129 (C.40A:66-1 et al.) shall be fully negotiable for the purposes of the negotiable instruments law under Title 12A of the New Jersey Statutes, and each holder or owner of a bond or other obligation, or of any coupon appurtenant thereto, by accepting the bond or coupon shall be conclusively deemed to have agreed that the bond, obligation, or coupon is and shall be fully negotiable for the purposes of the negotiable instruments law under Title 12A of the New Jersey Statutes. L.2015, c.129, s.13.
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Nearby Sections
15
§ 40A:66-1
Short title.§ 40A:66-11
Sale of bonds.§ 40A:66-13
Bond, obligation, coupon fully negotiable.§ 40A:66-15
Provisions, covenants with bond holders.§ 40A:66-16
Trustee to represent bond holders; powers.§ 40A:66-17
Appointment of receiver.§ 40A:66-18
Guaranty of bonds.§ 40A:66-19
Wholesale power supply contract.§ 40A:66-20
Compliance.§ 40A:66-21
Exemption from levy, sale.§ 40A:66-22
Investment of funds.§ 40A:66-23
Public property; tax exemption.