Title 21 — Governmental Finance

As used in this chapter, the following terms have the following meanings: 1. "Authorized officer" means any individual required or permitted, alone or with others, by any provision of law or by the issuing public entity, to execute on behalf of the public entity a certificated re…

1. Each issuer is authorized to establish and maintain a system of registration with respect to each obligation which it issues. The system may either be: a. A system pursuant to which only certificated registered public obligations are issued. b. A system pursuant to which only …

1. A certificated registered public obligation must be executed by the issuer by the manual or facsimile signature or signatures of authorized officers. Any signature of an authorized officer may be attested by the manual or facsimile signature of another authorized officer. 2. I…

1. Any certificated registered public obligation signed by the authorized officers at the time of the signing thereof remains valid and binding, notwithstanding that before the issuance thereof any or all of such officers have ceased to fill their respective offices. 2. Any autho…

When a seal is required or permitted in the execution of any certificated registered public obligation, an authorized officer may cause the seal to be printed, engraved, stamped, or otherwise placed in facsimile thereon. The facsimile seal has the same legal effect as the impress…

1. An issuer may appoint for such term as may be agreed, including for so long as a registered public obligation may be outstanding, corporate or other authenticating agents, transfer agents, registrars, paying, or other agents, specify the terms of their appointment, including t…

1. An issuer, prior to or at original issuance of registered public obligations, may provide as a part of a system of registration that the transferor or transferee of the registered public obligations pay all or a designated part of the costs of the system as a condition precede…

Obligations issued by public entities under the laws of this state which are in registered form, whether or not represented by an instrument, and which, except for their form, satisfy the requirements with regard to security for deposits of moneys of public agencies prescribed pu…

1. Records, with regard to the ownership of or security interests in registered public obligations, are not subject to inspection or copying under any law of this state relating to the right of the public to inspect or copy public records, notwithstanding any law to the contrary.…

1. Unless at any time prior to or at original issuance of a registered public obligation the official or official body of the issuer determines otherwise, this chapter is applicable to such registered public obligation notwithstanding any provision of law to the contrary. When th…

This chapter must be construed in conjunction with the Uniform Commercial Code and the principles of contract law relative to the registration and transfer of obligations.

The state hereby covenants with the owners of any registered public obligations that it will not amend or repeal this chapter if the effect may be to impair the exemption from income taxation of interest on registered public obligations.