North Carolina General Statutes 63A-17. Status of bonds and notes under Uniform Commercial Code
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Terms Used In North Carolina General Statutes 63A-17
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
All bonds and notes and interest coupons, if any, issued under this Chapter are made investment securities within the meaning of and for all the purposes of Article 8 of the Uniform Commercial Code, as enacted in Chapter 25 of the N.C. Gen. Stat.. (1991, c. 749, s. 1.)