159-92. Status of revenue bonds under Uniform Commercial Code.
Whether or not the revenue bonds and interest coupons appertaining thereto are of such form and character as to be investment securities under Article 8 of the Uniform Commercial Code as enacted in this State, all revenue bonds represented by instruments and interest coupons appertaining thereto issued under this Article are hereby made investment securities within the meaning of and for all the purposes of Article 8 of the Uniform Commercial Code as enacted in this State, subject only to the provisions of the bonds pertaining to registration. (1971, c. 780, s. 1; 1983, c. 322, s. 3.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 159 - Local Government Finance
§ 159-80 - Short title; repeal of local acts.
§ 159-84 - Authorization of revenue bonds.
§ 159-86 - Approval of application by Commission.
§ 159-87 - Order approving or denying the application.
§ 159-88 - Adoption of revenue bond order.
§ 159-90 - Limitations on details of bonds; additional provisions.
§ 159-91 - Lien of revenue bonds.
§ 159-92 - Status of revenue bonds under Uniform Commercial Code.
§ 159-93 - Agreement of the State.
§ 159-95 - Approval of State agencies.
§ 159-96 - Limitation on extraterritorial operation of enterprises financed by revenue bonds.