Section 41-10-510 Bonds and coupons deemed negotiable instruments. - Alabama Statutes

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Section 41-10-510

Bonds and coupons deemed negotiable instruments.

All bonds issued by the authority shall be construed to be negotiable instruments even though they are payable from a limited source. All coupons applicable to any bonds issued by the authority shall likewise be construed to be negotiable instruments although payable from a limited source.

(Acts 1990, No. 90-603, p. 1094, §21.)

State Codes and Statutes

Statutes > Alabama > Title41 > Chapter10 > 41-10-510

Section 41-10-510

Bonds and coupons deemed negotiable instruments.

All bonds issued by the authority shall be construed to be negotiable instruments even though they are payable from a limited source. All coupons applicable to any bonds issued by the authority shall likewise be construed to be negotiable instruments although payable from a limited source.

(Acts 1990, No. 90-603, p. 1094, §21.)

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State Codes and Statutes

Statutes > Alabama > Title41 > Chapter10 > 41-10-510

Section 41-10-510

Bonds and coupons deemed negotiable instruments.

All bonds issued by the authority shall be construed to be negotiable instruments even though they are payable from a limited source. All coupons applicable to any bonds issued by the authority shall likewise be construed to be negotiable instruments although payable from a limited source.

(Acts 1990, No. 90-603, p. 1094, §21.)