Issuance and Interchange of Coupon and Registered Bonds

An indenture may provide that bonds may be issued as coupon bonds or as registered bonds and for the interchange of coupon bonds for the registered bonds and registered bonds for coupon bonds, and may provide that bonds shall be registered as to principal only, or as to both principal and interest, or otherwise as the Board may determine. SOURCE: GC §53607.09, as added by P.L. 11-18.