Missouri Laws 348.170 – Bonds and notes of authority deemed negotiable instruments, subject to ..
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1. Whether or not the notes and bonds are of such form and character as to be negotiable instruments under the terms of the Missouri uniform commercial code, the notes and bonds are hereby made negotiable instruments within the meaning of and for all the purposes of the Missouri uniform commercial code, subject only to the provisions contained in such notes and bonds for registration.
2. Bonds issued by the authority shall be deemed to be securities issued by a public instrumentality and body corporate.
Terms Used In Missouri Laws 348.170
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC