PocketLaw | Connecticut General Statutes | Registered Public

Registered Public Obligations

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Definitions.

Public entities empowered to establish system for issuance of registered obligations. Interest on certain unregistered public obligations not exempt from federal tax.

Public entities authorized to establish system of registered obligations notwithstanding state or local laws. System may provide for certificated or uncertificated obligations or both.

Execution of certificated registered public obligations and writings related to uncertificated registered public obligations.

Signature of authorized officer on certificates. Continuing validity.

When seal is required on certificate a facsimile seal allowed with same legal effect.

Appointment by issuer of authenticity agents, transfer agents, registrars and other agents. Establishment of depository system for transfer of registered public obligations.

Costs of maintaining system of registration. Issuer may provide for its liability through agreements with others.

Obligations in registered form deemed to satisfy requirements as security for deposits required of public agencies.

Records of ownership of or security interests in registered public obligations not subject to inspection under freedom of information laws.

Effect of this chapter with respect to registered public obligations issued on or after July 7, 1983.

This chapter to be construed in conjunction with the Uniform Commercial Code.

State covenant not to amend this chapter in any manner impairing federal income tax exemption for interest on registered public obligations.

Severability clause.

Bonds or other obligations issued by public entity may be consolidated in single issue if all have the same security.