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Alabama · Through Act 2026-611

Ala. Code § 41-10-510: Bonds and Coupons Deemed Negotiable Instruments.

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Where this section sits in the code
  1. Title 41 State Government.
  2. Chapter 10 Authorities.
  3. Article 15 Alabama State Parking Deck Authority.

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.

Collected 2026-09-03T14:01:51Z. Source file · JSON

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