Code of Alabama - Title 11: Counties and Municipal Corporations - Section 11-47-227 - Construction of bonds as negotiable instruments

Section 11-47-227 - Construction of bonds as negotiable instruments.

Bonds issued by an authority shall be construed to be negotiable instruments although payable solely from a specified or limited source.

(Acts 1996, No. 96-320, p. 361, §9.)

Last modified: May 3, 2021