South Carolina Statutes
§ 11-15-490 — Negotiability; registration.
All such refunding bonds shall be in the form of negotiable coupon bonds, payable to bearer, but may contain provisions granting to the holder the privilege of having them registered on the books of the treasurer of the issuer and the principal thus made payable to the registered holder (unless the last registered transfer shall have been to bearer) upon such conditions as the governing body may prescribe. Unless registered such bonds shall have all the qualities of negotiable instruments under the law merchant and the Uniform Commercial Code.
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South Carolina § 11-15-490 (Negotiability; registration.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 1-689; 1952 Code SECTION 1-689; 1951 (47) 755.
Nearby Sections
15
§ 11-15-210
Investment of sinking funds of political subdivisions of the State; changing investments.§ 11-15-230
Deposit of collections for sinking fund.§ 11-15-240
Holding of sinking fund investments.§ 11-15-250
Advertisements for purchase of securities.§ 11-15-260
Choice of investments.§ 11-15-270
Sale of bonds in sinking fund.§ 11-15-410
Short title.