South Dakota § 1-16J-12 Negotiability of bonds, notes, and other instruments--Temporary instruments.

South Dakota Statutes

§ 1-16J-12 — Negotiability of bonds, notes, and other instruments--Temporary instruments.

South Dakota·Title 1 STATE AFFAIRS AND GOVERNMENT·Ch. 1-16J SOUTH DAKOTA ELLSWORTH DEVELOPMENT AUTHORITY

Notwithstanding the form and tenor of any such revenue bond, note, or other instrument and in the absence of any express recital on the face of any such revenue bond, note, or other instrument that it is nonnegotiable, any such revenue bond, note, and other instrument is a negotiable instrument. Pending the preparation and execution of any such revenue bond, note, or other instrument, a temporary revenue bond, note, or instrument may be issued as provided by resolution.

Free access — add to your briefcase to read the full text and ask questions with AI

Notwithstanding the form and tenor of any such revenue bond, note, or other instrument and in the absence of any express recital on the face of any such revenue bond, note, or other instrument that it is nonnegotiable, any such revenue bond, note, and other instrument is a negotiable instrument. Pending the preparation and execution of any such revenue bond, note, or other instrument, a temporary revenue bond, note, or instrument may be issued as provided by resolution.

South Dakota § 1-16J-12 (Negotiability of bonds, notes, and other instruments--Temporary instruments.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.