Code of Alabama - Title 41: State Government - Section 41-10-510 - Bonds and coupons deemed negotiable instruments

Section 41-10-510 - Bonds and coupons deemed negotiable instruments.

All bonds issued by the authority 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 shall likewise be construed to be negotiable instruments although payable from a limited source.

(Acts 1990, No. 90-603, p. 1094, §21.)

Last modified: May 3, 2021