10-602. Assignments; release from registration.
10-602
10-602. Assignments; release from registration.
After the registration of any bond it shall be negotiable only by formal
assignment before a notary public, identifying the bond assigned by the
name of the municipality issuing the same, the number, date, amount, and
said assignment shall be acknowledged the same as conveyances of real
property. All assignments of bonds shall be forwarded to the state
treasurer for endorsement on the state treasurer's records, which record
shall set forth the name and address of the assignee, except when it is the
desire of the registered owner to release the bond from registration and
further assignment, in which case the bond shall be assigned to "bearer,"
and by the state treasurer so endorsed upon his or her records. The state
treasurer shall have printed such forms as may be necessary for use in
making such assignments which shall be delivered to persons desiring the
same on request.
History: L. 1923, ch. 225, § 2; R.S. 1923; § 10-602; L. 1927, ch. 93, § 1;
June 1.