Section 54409.

  1. Law
  2. California Code
  3. Code - GOV
  4. LOCAL AGENCIES
  5. 2 - CITIES, COUNTIES, AND OTHER AGENCIES
  6. 1 - POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES
  7. 6 - Revenue Bond Law of 1941
  8. 4 - Provisions Relating to Bonds
  9. Section 54409.

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In the absence of an express recital on its face that the bond or interim receipt is nonnegotiable, the bond or interim receipt is a negotiable instrument.

(Added by Stats. 1949, Ch. 81.)


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