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66.181 Registration of coupon bonds -- Transfers.

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Page 1 of 1 66.181 Registration of coupon bonds -- Transfers. (1) An issuer may register any coupon bond registrable as to principal upon the request of the owner or holder. Thereafter, no transfer shall be valid unless the transfer is <br>entered on the records of the issuer and similarly noted on the bond, and the bond <br>may be discharged from registration by being in like manner transferred to bearer <br>and thereupon the bond may be transferred by delivery. (2) Registration of a coupon bond as to principal does not affect the negotiability of the appertaining coupons. A negotiable coupon is transferable by delivery whether or <br>not the principal of the bond to which it appertains is registered. (3) A reasonable fee may be charged as compensation for the expense of this registration. Effective: July 15, 1996 <br>History: Created 1996 Ky. Acts ch. 280, sec. 18, effective July 15, 1996.