Construction of Bonds as Negotiable Instruments.

  1. Law
  2. Code of Alabama
  3. Counties and Municipal Corporations.
  4. Provisions Applicable to Municipal Corporations Only.
  5. Powers, Duties and Liabilities Generally.
  6. Parks, Playgrounds, and Other Recreational and Athletic Areas and Facilities.
  7. Construction of Bonds as Negotiable Instruments.

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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.)


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