Ala. Code § 41-10-280

Current through the 2024 Regular Session.

Section 41-10-280 - Bonds constitute negotiable instruments; registration of transfers

All bonds (and income therefrom) issued by the authority shall be construed to be negotiable instruments subject to the registration provisions pertaining to transfers, even though they are payable from a limited source.

Ala. Code § 41-10-280 (1975)

Acts 1986, No. 86-420, p. 627, §21.