10-624.   Uncertificated bonds; statement of rights; facsimile signatures.The issuer shall attach to its uncertificated bonds, written statementswhich provide a record of certain rights as of the time of issuance of thestatements. Such statements shall be provided to each person acquiringrights by registration in uncertificated bonds and such statements shallbe signed by a person whose signature is required or permitted to be placedon a certificated bond of the same class or series. The statement shallconfer no rights on the recipient and it shall be neither a negotiable instrumentnor a security.

      The written statements attached to uncertificated bonds may be signed witha facsimile of the signature of the person required to sign such statements.If such statements are signed with a facsimile signature, the transfer agentshall sign such statements manually.

      History:   L. 1983, ch. 49, § 5; May 12.