Pending the preparation of the definitive bonds, interim receipts or certificates in such form and with such provisions as the governing body may determine, may be issued to the purchaser or purchasers of bonds sold pursuant to this chapter. The bonds and interim receipts or certificates shall be fully negotiable within the meaning of and for all purposes of the Uniform Commercial Code, compiled in title 47, chapters 1–9.
Tenn. Code Ann. § 7-37-112
Interim financing — Certificates
Known as the Industrial Building Revenue Bond Act
The act spans §§ 7–7 (16 sections).
Acts 1951, ch. 137, § 5 (Williams, § 4406.53e); modified; T.C.A
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.