South Dakota Codified Laws 9-41A-43. Negotiability of bonds and notes
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All bonds and notes of a municipal power agency shall be negotiable within the meaning and for all the purposes of the Uniform Commercial Code, subject only to any registration requirement.
Terms Used In South Dakota Codified Laws 9-41A-43
- 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
Source: SL 1978, ch 66, § 36.