Nebraska Statutes 18-2468. Bonds; negotiable; sale
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(1) Except as the issuing agency‘s board may otherwise provide, any bond and any interest coupons thereto attached shall be fully negotiable within the meaning of and for all purposes of article 8, Uniform Commercial Code.
Terms Used In Nebraska Statutes 18-2468
- Agency: shall mean any of the public corporations created pursuant to sections 18-2401 to 18-2485. See Nebraska Statutes 18-2405
- Board: shall mean the board of directors of an agency. See Nebraska Statutes 18-2406
- Bonds: shall mean any bonds, interim certificates, notes, debentures, or other evidences of indebtedness of an agency. See Nebraska Statutes 18-2407
- 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
(2) The bonds may be sold at public or private sale as the issuing agency’s board may provide and at such price or prices as such board shall determine.