Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 4 - Public Finance Generally > Chapter 78 - Local Government Short-Term Financing Obligations > § 14-78-107 - Obligations are negotiable instruments.

§ 14-78-107 - Obligations are negotiable instruments.

14-78-107. Obligations are negotiable instruments.

Unless set forth in the ordinance, obligation, or short-term financing agreement, all obligations issued under the provisions of this chapter are negotiable instruments within the meaning of the negotiable instruments law of the state.