Statute · New York Local Finance Law
N.Y. Local Fin. Law § 55.10 — Endorsements of principal payments on bonds and notes
N.Y. Local Fin. Law § 55.10
- Type
- Statute
- Source
- New York Local Finance Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 55.10. Endorsements of principal payments on bonds and notes. A bond or note shall not provide for the notation of payments of principal thereon. Only one bond or note shall be set forth in a single instrument and such bond or note, when paid, shall be surrendered for cancellation or…
Citator
N.Y. Local Fin. Law § 55.10 — Endorsements of principal payments on bonds and notes is in force in the current edition of the Code, and nothing recorded condemns it.
§ 55.10. Endorsements of principal payments on bonds and notes. A bond or note shall not provide for the notation of payments of principal thereon. Only one bond or note shall be set forth in a single instrument and such bond or note, when paid, shall be surrendered for cancellation or destruction in the manner provided in this chapter.