35-492. Reregistration or cancellation of
registry of bond
A. The registered holder of a bond may, either in person or by a bank or trust
company authorized to do business in this state, present the bond to the registrar with a
written request endorsed on the bond that the bond be registered in the name of another
person or that the registry be canceled and the bond be again made payable to
bearer. Upon such request the registrar shall cancel the former registration and
register the bond in the name of the person designated in the request and shall endorse
upon the bond a certificate as required of an original registration. If the bond may be
and the owner requests that it be made payable to bearer, the registration shall be
canceled and the certificate upon the bond shall declare that the bond is payable to
bearer. The registrar shall keep a record thereof in a book provided for that purpose.
B. The proceedings pertaining to the issuance of any bond may prohibit its issuance
or registration in bearer form.
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