All bonds issued by the authority shall be construed to be negotiable instruments even though they are payable from a limited source. All coupons applicable to any bonds issued by the authority shall likewise be construed to be negotiable instruments although payable from a limited source.
Ala. Code § 41-10-510
Bonds and Coupons Deemed Negotiable Instruments.
(Acts 1990, No. 90-603, p. 1094, §21.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.