Ala. Code § 11-47-227

Construction of Bonds as Negotiable Instruments.

(Acts 1996, No. 96-320, p. 361, §9.)

Bonds issued by an authority shall be construed to be negotiable instruments although payable solely from a specified or limited source.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.