Connecticut General Statutes
Chapter 748 - Registered Public Obligations
Section 42b-14. - Severability clause.

If any provision or the application of any provision of this chapter shall be invalid, such 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 would have been enacted with the invalid provision omitted or without the invalid application in any event.

(P.A. 83-519, S. 14, 23.)

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Structure Connecticut General Statutes

Connecticut General Statutes

Title 42b - Registered Obligations of Public Entities

Chapter 748 - Registered Public Obligations

Section 42b-1. - Definitions.

Section 42b-2. - Public entities empowered to establish system for issuance of registered obligations. Interest on certain unregistered public obligations not exempt from federal tax.

Section 42b-3. - Public entities authorized to establish system of registered obligations notwithstanding state or local laws. System may provide for certificated or uncertificated obligations or both.

Section 42b-4. - Execution of certificated registered public obligations and writings related to uncertificated registered public obligations.

Section 42b-5. - Signature of authorized officer on certificates. Continuing validity.

Section 42b-6. - When seal is required on certificate a facsimile seal allowed with same legal effect.

Section 42b-7. - Appointment by issuer of authenticity agents, transfer agents, registrars and other agents. Establishment of depository system for transfer of registered public obligations.

Section 42b-8. - Costs of maintaining system of registration. Issuer may provide for its liability through agreements with others.

Section 42b-9. - Obligations in registered form deemed to satisfy requirements as security for deposits required of public agencies.

Section 42b-10. - Records of ownership of or security interests in registered public obligations not subject to inspection under freedom of information laws.

Section 42b-11. - Effect of this chapter with respect to registered public obligations issued on or after July 7, 1983.

Section 42b-12. - This chapter to be construed in conjunction with the Uniform Commercial Code.

Section 42b-13. - State covenant not to amend this chapter in any manner impairing federal income tax exemption for interest on registered public obligations.

Section 42b-14. - Severability clause.

Section 42b-15. - Bonds or other obligations issued by public entity may be consolidated in single issue if all have the same security.