Registered Bond Act

The Registered Bond Act addresses the form in which bonds may be issued, permitting them to be issued in registered form — that is, with ownership recorded on the books of the issuer or its agent rather than resting on possession of the instrument itself. It establishes that authority directly, supported by defined terms and legislative findings explaining the need for it. It also addresses how that authority interacts with other statutes and with existing agreements bearing on the form of bonds, and supplies rules for how its own provisions are to be construed.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.