Rhode Island General Laws 46-12.2-20. Bonds and local government obligations as investment securities
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Notwithstanding any of the provisions of this chapter, chapter 18 of Title 24, or any recitals in any bonds or local governmental obligations issued hereunder, all bonds and local governmental obligations shall be deemed to be investment securities under the Uniform Commercial Code.
History of Section.
P.L. 1989, ch. 303, § 2; P.L. 2013, ch. 144, art. 20, § 2.
Terms Used In Rhode Island General Laws 46-12.2-20
- 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