Notes Not Payable on Demand; Redemption Prior to Maturity; Private Sale.

Checkout our iOS App for a better way to browser and research.

Section 11-44C-75

Notes not payable on demand; redemption prior to maturity; private sale.

No notes shall be made payable on demand, but any note may be made subject to redemption prior to maturity upon notice and at such time as may be stated in the note. All notes may be sold at not less than par and accrue interest at private sale without previous advertisement.

(Acts 1985, No. 85-229, p. 96, §75.)


Download our app to see the most-to-date content.