Alabama Code (Last Updated: November 28, 2014) |
Title41 STATE GOVERNMENT. |
Chapter10. AUTHORITIES. |
Article9. Alabama Judicial Building Authority. |
§41-10-280. Bonds constitute negotiable instruments; registration of transfers.
Latest version.
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All bonds (and income therefrom) issued by the authority shall be construed to be negotiable instruments subject to the registration provisions pertaining to transfers, even though they are payable from a limited source.