Nebraska Statutes 44-4325. Bonds; negotiable; sale
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(1) Except as the issuing risk management pool’s board of directors may otherwise provide, any bond and any interest coupons thereto attached shall be fully negotiable within the meaning and for all purposes of article 8, Uniform Commercial Code.
Terms Used In Nebraska Statutes 44-4325
- 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 risk management pool’s board of directors may provide and at such price or prices as such board shall determine.