Statute · New York Local Finance Law
N.Y. Local Fin. Law § 161.00 — Negotiability of obligations
N.Y. Local Fin. Law § 161.00
- Type
- Statute
- Source
- New York Local Finance Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 161.00 Negotiability of obligations. All bonds and notes of a municipality, school district or district corporation, including notes issued by a city school district pursuant to section 26.00 of this chapter, whether payable to bearer or in registered form, shall be negotiable instruments…
Citator
N.Y. Local Fin. Law § 161.00 — Negotiability of obligations is in force in the current edition of the Code, and nothing recorded condemns it.
§ 161.00 Negotiability of obligations. All bonds and notes of a municipality, school district or district corporation, including notes issued by a city school district pursuant to section 26.00 of this chapter, whether payable to bearer or in registered form, shall be negotiable instruments within the meaning of article eight of the uniform commercial code, except that such bonds or notes which have been registered shall be transferred only in the manner provided in paragraph b of section 75.00 of this chapter.