New Jersey Statutes 34:1B-5.9. Bonds deemed fully negotiable
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Terms Used In New Jersey Statutes 34:1B-5.9
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
54. Notwithstanding the provisions of any law to the contrary, any bonds issued pursuant to P.L.2000, c.72 (C. 18A:7G-1 et al.) or P.L.2007, c.137 (C. 52:18A-235 et al.) or P.L.2008, c.39 (C. 18A:7G-14.1 et al.) shall be fully negotiable within the meaning and for all purposes of Title 12A of the New Jersey Statutes, and each holder or owner of such a bond or other obligation, or of any coupon appurtenant thereto, by accepting the bond or coupon shall be conclusively deemed to have agreed that the bond or coupon is and shall be fully negotiable within the meaning and for all purposes of Title 12A.
L.2000, c.72, s.54; amended 2007, c.137, s.57; 2008, c.39, s.7.