2005 Idaho Code - 57-401 — REGISTRATION AS TO PRINCIPAL ONLY -- DISCHARGE FROM REGISTRATION

                                  TITLE  57
                           PUBLIC FUNDS IN GENERAL
                                  CHAPTER 4
                         REGISTRATION OF COUPON BONDS
    57-401.  REGISTRATION AS TO PRINCIPAL ONLY -- DISCHARGE FROM REGISTRATION.
Whenever the holder of any coupon bond, already issued or hereafter issued by
the state of Idaho, or by any county, city, town, township, board of
education, school district or other subdivision, now or hereafter existing in
this state, shall present any such bond to the treasurer or other officer of
the state or of such corporation, or subdivision, who by law performs the
duties of treasurer, with a request for the registration of such bond as to
principal only, in the name of such holder, it shall be the duty of such
treasurer or such other official, to register such bond in the name of such
holder, as to principal only, on the treasurer's books, which registration
shall be similarly noted on the bond. After registration as to principal only,
such bond may be discharged from registration by being transferred to bearer,
after which it shall be transferable by delivery, but it may be again
registered as before.