Statutes > Alabama Statutes > Title 41 — STATE GOVERNMENT. > Chapter 10 — AUTHORITIES. > Section 41-10-280 Bonds constitute negotiable instruments; registration of transfers.

Section 41-10-280 Bonds constitute negotiable instruments; registration of transfers.

Section 41-10-280

Bonds constitute negotiable instruments; registration of transfers.

All bonds (and income therefrom) issued by the authority shall be construed to be negotiable instruments subject to the registration provisions pertaining to transfers, even though they are payable from a limited source.

(Acts 1986, No. 86-420, p. 627, §21.)