2016 Code of Alabama
Title 14 - CRIMINAL CORRECTIONAL AND DETENTION FACILITIES.
Chapter 2 - ALABAMA CORRECTIONS INSTITUTION FINANCE AUTHORITY.
Section 14-2-23 - Bonds - Bonds and coupons deemed negotiable instruments.

AL Code § 14-2-23 (2016) What's This?
Section 14-2-23Bonds - Bonds and coupons deemed negotiable instruments.

All bonds issued by the authority, while not registered, shall be construed to be negotiable instruments even though they are payable from a limited source. All coupons applicable to any bonds issued by the authority, while the applicable bonds are not registered as to both principal and interest, shall likewise be construed to be negotiable instruments although payable from a limited source.

(Acts 1965, No. 678, p. 1226, §17.)

Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.