Vermont Statutes Title 24 Sec. 4622
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Terms Used In Vermont Statutes Title 24 Sec. 4622
- Bonds: means bonds of the Bank issued under this chapter. See
- Notes: means any notes of the Bank issued under this chapter. See
- said: when used by way of reference to a person or thing shall apply to the same person or thing last mentioned. See
- 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
§ 4622. Negotiability of bonds or notes
Whether or not the notes and bonds are of such form and character as to be negotiable instruments under the terms of the Uniform Commercial Code 9A V.S.A. § 1-101 et seq., the notes and bonds are hereby made negotiable instruments within the meaning of and for all the purposes of said Uniform Commercial Code, subject only to the provisions of the notes and bonds for registration or for their issuance in book entry form. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 1983, No. 12, § 3, eff. March 29, 1983.)