85-9-627. Interim receipts -- negotiability.
85-9-627. Interim receipts -- negotiability. Pending preparation of the bonds sold under this chapter, receipts or certificates may be issued to purchasers in the form and with provisions as determined by the directors. Bonds and interim receipts or certificates are fully negotiable as provided by the Uniform Commercial Code--Investment Securities.
History: En. Sec. 32, Ch. 100, L. 1969; R.C.M. 1947, 89-3432.