10-601. Registration of bonds by state treasurer; notations; coupons; transfers; negotiability.
10-601
10-601. Registration of bonds by state treasurer; notations; coupons;
transfers; negotiability.
The state treasurer shall register any state bonds or bonds issued by a
municipality as defined by K.S.A. 10-101, and amendments thereto, which
the bondholder may
present to the state treasurer, for recording
in a book kept
for that purpose, showing the municipality issuing the same, the series
of the bond, the date, amount, number, maturity, the purpose for which the
bond was issued and the name and post-office address of
the bondholder. On registering any bond the state treasurer
shall notify the municipality issuing the bond of its registration and
the bond shall be payable on its maturity by the municipality to the
state treasurer. When the state treasurer registers any bond, the
registration shall be evidenced by notation to that effect on the
reverse side of the bond, after which no transfer shall be valid unless made
at the written request of the registered owner or a duly authorized
agent in writing and similarly noted on the bond. The bond may be
discharged from registration by being registered to
bearer and thereupon transferability shall be restored. The bond
may again be registered or be transferred to
bearer as before. Registration shall not affect the negotiability
of any interest coupons appertaining to
any bond issued prior to the effective date of this act. This section shall
not apply to any bond or bonds for which a fiscal agent other than the
state treasurer has been designated.
History: L. 1923, ch. 225, § 1; R.S. 1923, § 10-601; L. 1969,
ch. 63, § 5; L. 1981, ch. 57, § 1; L. 1983, ch. 49, § 33; May 12.