GroundRules
Ala. Code § 22-21-327: Securities and Coupons as Negotiable Instruments.
Where this section sits in the code
- Title 22 Health, Mental Health, and Environmental Control.
- Title 1 Health and Environmental Control Generally.
- Chapter 21 Hospitals and Other Health Care Facilities Generally.
- Article 11 Health Care Authorities.
Securities issued by an authority, while not registered, shall be construed to be negotiable instruments although payable solely from a specified or limited source. All coupons applicable to any securities issued by an authority, while the applicable securities are not registered as to both principal and interest, shall likewise be construed to be negotiable instruments although payable solely from a specified or limited source.
Collected 2026-09-03T14:01:51Z. Source file · JSON