Rhode Island General Laws 46-15.1-16. Negotiable instruments
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Notwithstanding any of the foregoing provisions of this chapter or any recitals in any bonds and notes issued by the board hereunder, all the bonds and notes shall be deemed to be negotiable instruments under the laws of the state and investment securities under the Uniform Commercial Code.
History of Section.
P.L. 1970, ch. 304, § 1.
Terms Used In Rhode Island General Laws 46-15.1-16
- 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