Statute · New York Transportation Law
N.Y. Transp. Law § 56 — Negotiability of bonds
N.Y. Transp. Law § 56
- Type
- Statute
- Source
- New York Transportation Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 56. Negotiability of bonds. 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…
Citator
N.Y. Transp. Law § 56 — Negotiability of bonds is in force in the current edition of the Code, and nothing recorded condemns it.
§ 56. Negotiability of bonds. 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.