All bonds issued by the authority shall be construed to have all the qualities and incidents of negotiable instruments subject to the registration provisions pertaining to transfers.
Ala. Code § 41-10-465
Bonds Constitute Negotiable Instruments.
(Acts 1990, No. 90-602, p. 1079, §16.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.