Laws of New York (Last Updated: November 21, 2014)

Section 56. Negotiability of bonds

Latest version.

Whether  or  not  any  bonds, interim
  certificates or other obligations of the Utica transit authority  issued
  pursuant  to  this  article  are  of  such  form  and character as to be
  negotiable instruments under article eight  of  the  uniform  commercial
  code, such bonds, interim certificates or other obligations shall be and
  are hereby made negotiable instruments within the meaning of and for all
  the  purposes  of  article  eight of the uniform commercial code, unless
  such bonds, interim certificates or other obligations expressly  provide
  otherwise.

                    
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