10-624. Uncertificated bonds; statement of rights; facsimile signatures. The issuer shall attach to its uncertificated bonds, written statements which provide a record of certain rights as of the time of issuance of the statements. Such statements shall be provided to each person acquiring rights by registration in uncertificated bonds and such statements shall be signed by a person whose signature is required or permitted to be placed on a certificated bond of the same class or series. The statement shall confer no rights on the recipient and it shall be neither a negotiable instrument nor a security.
The written statements attached to uncertificated bonds may be signed with a facsimile of the signature of the person required to sign such statements. If such statements are signed with a facsimile signature, the transfer agent shall sign such statements manually.
History: L. 1983, ch. 49, ยง 5; May 12.
Structure Kansas Statutes
Chapter 10 - Bonds And Warrants
Article 6 - Registration Of Bonds
10-601 Registration of bonds by state treasurer; notations; coupons; transfers; negotiability.
10-602 Assignments; release from registration.
10-603 Payment of bonds; deposit in bond services fee fund.
10-605 Negotiability of coupons.
10-607 Same; redemption of bonds.
10-622 Purpose of registration; federal requirement.
10-623 Systems of registration; approval by attorney general.
10-624 Uncertificated bonds; statement of rights; facsimile signatures.
10-626 Costs of system of registration; fees and charges.
10-628 State treasurer; municipal securities rulemaking board requirements.
10-629 Bonds pledgeable as a security for public deposits.
10-630 Registration records; exempt from public inspection.
10-632 Provisions to be construed with uniform commercial code and contract law.