§ 16-5-502 — Form, payment and transfer of securities

Wyoming § 16-5-502

• Jurisdiction: Wyoming
• Title 16: City, County, State and Local Powers
• Ch. 5: PUBLIC SECURITIES
• Art. 5: GENERAL PROVISIONS AS TO FORM AND MANNER OF

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(a) The securities described in W.S. 16-5-501 shall be in
registered or bearer form, with or without interest coupons, be
subject to such conditions for transfer, be subject to such
provisions for conversion as to denomination or to bearer or
registered form, be made registrable or payable, or both, by the
treasurer or other officer of the issuing entity, or by trustee,
registrar, paying agent or transfer agent within or without the
state of Wyoming, be issued, transferred and registered by book
entry, be in a denomination, bear such dates, signatures and
authentications, and be held in custody by a depository within
or without the state of Wyoming, all as may be determined by the
entity or the governing body of the entity authorized or
empowered to issue the securities. Payment at designated due
dates or in installments may be required by the authorizing
proceedings to be by check, draft or other medium of payment and
need not be conditioned upon presentation of any security or
coupon.
(b) Bonds issued by or on behalf of a political
subdivision of the state may be issued as digital securities, as
defined by W.S. 34-29-101(a)(iii), if the bonds are otherwise
issued in accordance with all applicable state and federal laws
and regulations.