Title 35, Title 35 Finance

This chapter shall be construed in conjunction with the Uniform Commercial Code, title 6A, 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.

If any provision or the application of any provision of this chapter shall be invalid, this shall not affect the validity of other provisions or other applications, it hereby being declared that the provisions or the applications of this chapter are separable and this chapter wou…

As used in this chapter, the following terms have the following meanings, unless the context otherwise requires: (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 beha…

(a) The code provides that interest with respect to certain obligations may not be exempt from federal income taxation unless they are in registered form. It is therefore a matter of state concern that public entities be authorized to provide for the issuance of obligations in re…

(a) Each issuer is authorized to establish and maintain a system of registration with respect to each obligation which it issues. The system may be a system pursuant to which (1) only certificated registered public obligations are issued; (2) only uncertificated registered public…

(a) A certificated registered public obligation shall 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. (…

(a) Any certificated registered public obligation signed by the authorized officers at the time of the signing thereof shall remain valid and binding, notwithstanding that before the issuance thereof any or all of the officers shall have ceased to fill their respective offices. (…

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 on the obligation. The facsimile seal has the same legal effect as t…

(a) 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, or paying or other agents and specify the terms of their appointment, inclu…

(a) 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 preced…