O.C.G.A.

O.C.G.A. § 12-3-255 (2019)

Revenue bonds - Status as negotiable instruments

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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All revenue bonds issued under this part shall have and are declared to have all the qualities and incidents of negotiable instruments under the negotiable instruments law of the state.

History

Ga. L. 1950, p. 152, § 16; Ga. L. 1960, p. 89, § 1.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. - 64 Am. Jur. 2d, Public Securities and Obligations, § 32. C.J.S. - 81A C.J.S., States, § 458 et seq.

ALR. - Bond or warrant of governmental subdivision as subject of taxation or exemption, 44 A.L.R. 510.